9 June 2018

Going Down

Just as I had warned, there was no confirming wave action. The STI did not cross over the top line of the correction channel and in fact did not even touch it. The structure now looks like an extended flat. The STI could go below the tentatively marked end of Subwave c (orange) to conclude with the fifth minor subwave of the 3-3-5 flat. It could find support at or near the bottom line of the correction channel and then rise up again.

Maybe the conclusion of the Trump-Kim meeting will boost stock markets?

Previous     Archive     Next