Ewj: elliott wave

[mu200411]

There was a rebound as expected. This may be Wave IIa]1)3.4 or IIa]1)3.3.2.
Next may be another 10% drop.
If NASDAQ has finished a Running Correction, and SPX and INDU Triangular Corrections, there may be new highs but not too high.

 

[mu200411]

NASDAQ had finished a Running Correction, and SPX and INDU Triangular Corrections, there were new highs but not too high. As expected. Then a bigger than 20% drop.
Those Wave IIa]3) or Wave IIc] are bigger than Wave 1) or a].
Targets may be at Wave I4].

 

[mu200411]

SPX in 2019 looks like a IIb] Wave. SPX in 2020 crash looks like a IIc] Wave.
Target for a Running Correction is 2650. Target for an Irregular Correction is 2346 - 1800.