Wave 5 is at 1 x Wave 3. While there's little signs of divergence on both RSI and Composite Index, the RSI seems to be way overbought, and this price level seems crucial. A turning point could be around the corner.
Inverted yield curve on DGS2 and DGS10, while VIX seems at an all-time low. These two warning signs had been present in the build-up towards the...
2 scenarios:
1) Less Likely: End of Cycle Wave V, correction to 2086.85, 1891.79, 1696.72
2) More Likely : End of Cycle Wave III. We might have a Minor Wave 5 left in the Intermediate Wave (3), and should watch for divergence on indicators. Intermediate Wave (4) short entry from about 2719, correction to 2477.82, 2403.21, 2328.51 (Most probably take profit at...
