The stock market appears to be headed towards channel line support of waves ((i)) and ((ii)) around 1992 before resuming its uptrend. 1957 is a key level for the S&P futures as it holds the series of higher lows in place, and therefore holds the uptrend in place. Until that break occurs, I will continue looking for higher levels in the stock market.
Follow @PrincplAnalysis Principle Analysis
Promote Your Page Too
PLEASE NOTE: THIS IS JUST AN ELLIOTT WAVE ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.
No comments:
Post a Comment