There might be something to this Elliott analysis, projecting new yearly lows. This three day puke has been more vicious than early March, specially the Dow which just erased in just three days half of its gains since the April low.
We all know how the puke off the 3/7 top ended.
Of additional concern: the YM spiking down, the transports looking at the border of an abyss etc etc not to mention oil looking like getting ready for a parabolic hyperspace launch.
I don't get my trading signals from Elliott wave but I follow it for confirmation and eye-balling profit targets. I don't think it's bullshit.
We all know how the puke off the 3/7 top ended.
Of additional concern: the YM spiking down, the transports looking at the border of an abyss etc etc not to mention oil looking like getting ready for a parabolic hyperspace launch.
I don't get my trading signals from Elliott wave but I follow it for confirmation and eye-balling profit targets. I don't think it's bullshit.