Today, Jeffrey goes through 5 important charts for what is going on today in the markets. The S&P has declined 20% from its January high, but does that mean this is a buying opportunity of a lifetime? I argue it's not. The Elliott Wave principle supports a move to lower lows, but if our preferred count proves correct, it might just represent the "a" wave of an a-b-c corrective wave pattern of at least cycle degree. When leadership fails, it takes the whole market with it.
Connect With Jeffrey
Trade Exchange: ALPHA INSIGHTS
LinkedIn: Jeffrey W. Huge, CMTE-mail: [email protected]