Dow Jones Industrial Average: +131.50 or 1.37% at 9731.25
S&P 500 Index: +14.26 or 1.37% at 1054.72
NASDAQ Composite Index: +35.42 or 1.71% at 2103.57
NYSE Internals: 2422 Advance. 622 Decline.
Now a lot of wave structures have been violated. We broke 1041 on the upside, clearly. This was not supposed to happen if this was truly the start of Primary Wave 3.
As of right now, the wave structure seems a bit odd.
As of right now, the wave structure seems a bit odd.
In this chart, I have my alternate counts labeled. Only time will tell us which is to play out. This could also be a possible broadening top or megaphone reversal pattern.
Gold made a new high today. Dollar did not make a new low. Divergence? Tech was leading today. VIX got hammered again, as did the Dollar. Crude was slightly stronger too.
Again, I am kind of busy and I can't post a lot. Sorry.
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