The major US indexes (S&P 500, Nasdaq 100, Russell 2000 etc) appear to be coming out of a Wave 3 top, and gearing up for either a flat or triangle in a Wave 4 position.
Although the retracement of the initial cash-session decline has been choppy, the futures chart still looks favorable for a turn lower tomorrow.
I see 5 down with a 3-3-5 flat in a retracement.
The only thing I don't care for here is orange circle 'i' inside of green (c), as we have 5-waves there. Technically the waves 1, 3 and 5 position in an ending diagonal *should* decompose as a 3-wave move. That said, I'll allow for it in this case given the overlap and divergence.
KEY decision on the horizon into tomorrow. #ElliottWave
Although the retracement of the initial cash-session decline has been choppy, the futures chart still looks favorable for a turn lower tomorrow.
I see 5 down with a 3-3-5 flat in a retracement.
The only thing I don't care for here is orange circle 'i' inside of green (c), as we have 5-waves there. Technically the waves 1, 3 and 5 position in an ending diagonal *should* decompose as a 3-wave move. That said, I'll allow for it in this case given the overlap and divergence.
KEY decision on the horizon into tomorrow. #ElliottWave
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.