Originally posted by Toastman
PB is it possible that the US markets are putting in a wave 4 and that a relatively short push up will occur for the 5th and then resume the bear?
This seems to fit with what I'm seeing on the charts - they are all still range bound and have never seriously challenged those ranges. Also there is enough stuff on the charts to suggest that there could be a push to new 2019 highs and then run out of puff.
Thoughts?
Following up on the previous post, I thought it might be worth posting this as it is exactly what you see on the major US indices and our US lapdog market.
I've never trusted Elliot Waves because they are generally so subjective, but it appears to be so clear on just about all the major indices - if correct, they are about to walk off a cliff.
Edit - you may need to right click the image and open in a new tab - HC a bit clunky.