One last push up to ~245; then, OMG, watch out below
The Elliot wave count is very near completion of this primary and final 5th of a 5th of a 5th that will likely end around 245. The implication is that the next major move will be a primary degree correction that could very well end around ~60. Yes, 60.
The path of the 2007 downward correction is super-imposed here to indicate the expected minimum steepness to expect from this primary correction. It could very well be much steeper than both 2000 and 2007 corrections...
The path of the 2007 downward correction is super-imposed here to indicate the expected minimum steepness to expect from this primary correction. It could very well be much steeper than both 2000 and 2007 corrections...