The markets continued lower on Thursday after moving higher during Globex and into the U.S. opening. The Nasdaq took the lead on the downside and maintained that lead for the majority of the day.
The markets continued lower on Thursday after moving higher during Globex and into the U.S. opening. The Nasdaq took the lead on the downside and maintained that lead for the majority of the day. I discuss the current labeling and what the markets are doing to support additional declines before either Minor a or Intermediate 4 is complete. I discuss support levels as well -- My personal feelings are that additional downside is needed before a stronger rally, in this case a larger "B" wave takes over. The time factor is also discussed tonight.
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