Waves in most indices are so subdivided that it's getting difficult to know where we are in large wave that started in November 2016. That's why we think it is safer to take it one wave at a time. Right now we do have a pretty clear impulse wave in the Dow ( it's even nicer in the XMI ) from the November low that requires another push-up above recent high that should be followed by consolidation and finally another push to new high to complete THAT sequence. After we will see where the ensuing correction brings us.
Although not expected at all, immediately moving below 23616 will indicate that sequence is over
Again as long the AD line makes new high along with most indices, we are long term bullish.
Although not expected at all, immediately moving below 23616 will indicate that sequence is over
Again as long the AD line makes new high along with most indices, we are long term bullish.
