INDU, SPX and NASDAQ movements may have some relationship with USD/CHF, USD/JPY and AUD/USD movements :D .
Note short third waves, so they are not third waves :confused: .
We may be in Wave 3]2)a.4 or Wave 3]4)c :confused: .
Wave 3]2)a.4 should not invade Wave 3]2)a.1 territory before a new low occurs.
A new high before a new low should be Wave 3]5) .
No BUY signal in MACD and RSI .
The corrections are equal to Wave 3]1)2 :D .
Wave 3]2) should be bigger than 3]1)2, so there may be some more DOWN move after this rebound :eek: .
If not the new high that follows may be Wave 3]5) :confused: .
World Stock Markets fall together as expected.
Prolong correction may be a '1-2-3-4-5' or 'a' and now at support level.
Note many "M" patterns.
There may be a rebound here as 'b' before a 'c' which will complete the "M" patterns.
The corrections in Crude Oil, Gold, SPX, EUR and AUD look impulsive.
Crude Oil may be heading DOWN to $60.
Gold after making a false break may be going DOWN to $1158.
World Stock Markets going DOWN together as expected.
Pre-Market Trading falls below 'a-b-c' levels.
The Markets may rebound from Wave four or the measured move.
Pre-Market Trading: Stock Futures
Data as of 6:39am ET
S&P -36.20 / -2.81% Level 1,254.30
Fair Value 1,291.34 Difference...
If that is '1-2-3' the indices may rebound from
Wave four INDU 10900,TRAN 4750,SPX 1180,NASDAQ 2450, :) or
the measured move INDU 10500,TRAN 4250,SPX 1100,NASDAQ 2300 :eek: .
So the Global markets went DOWN together :D .
The question is "Is this 'a-b-c' or '1-2-3'?" :confused: .
If this is 'a-b-c'
INDU should rebound from 11950.
TRAN should rebound from 4800 or 5000 (for triangular correction).
SPX should rebound from 1280.
NASDAQ should rebound from 2650.
The wave count has 2 alternatives :confused: .
Both say there should be some correction soon, because of the ending diagonal pattern.
If the correction stays above the horizontal red line, we may have three more UP waves :D .
If the correction falls below all red lines, we may be in Wave IVc]...
Crude Oil shows fifth subwave of fifthe subwave of fifth wave at measured move :eek: .
But the DOWN move looks corrective.
There may be some more waves UP :confused: .
Crude Oil @ $100 as expected :D .
But wave five is tracherous, sometimes it doesn't show up, sometimes it fails, sometimes it extends again and again :eek: .
Gold rebounds from Wave 4 and is making a new high :( .
If so Gold may go UP to $1580 :eek: .
If not there may be a "Head and Shoulders", :)
and Gold may fall to $1158 :D .
Wave five is tracherous. Sometimes it doesn't show up, sometimes it fails but this time it extends again and again :eek: .
This can be wave c or wave 1) of 3]. Wave 1 psychology is uncertainty. Wave c psychology is like wave 3, i.e., everyone agrees that the Bull Market will continue.