This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
And the above on the FTSE? I like your thinking, the downside potential is there, but if we get an upside break on that symmetrical triangle/flag, I'd think twice before staying short. From an Elliott Wave point of view, a 3 wave corrective may be more than done (coming after a 5 wave impulse off the June lows).
Good coverage of the DAX 4 tops!
ReplyDeleteI also like your possible road map for SPY.
And the above on the FTSE? I like your thinking, the downside potential is there, but if we get an upside break on that symmetrical triangle/flag, I'd think twice before staying short. From an Elliott Wave point of view, a 3 wave corrective may be more than done (coming after a 5 wave impulse off the June lows).