The S&P and Nasdaq are beginning to diverge from each other in terms of their EW counts. I discuss tonight the potential that the S&P 500 may have completed all legs up to complete the Intermediate 3rd wave.
The S&P and Nasdaq are beginning to diverge from each other in terms of their EW counts. I discuss tonight the potential that the S&P 500 may have completed all legs up to complete the Intermediate 3rd wave. While I continue to keep that count and thought on the "shelf" I feel it is necessary to begin to suggest that it has already happened. As I spoke over the weekend I believed that volatility will remain strong and keep the markets higher through the December 20th expiration -- and I feel this is still the case - but what comes next may already be in its starting phase with stocks like TSLA, and AAPL keeping the rally alive. I update the counts that should continue higher -- I also update the Fibonacci levels accordingly. I also give the potential finishing count -- I haven't accepted that just yet, but it is in the discussion phase.
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