Loading ...Equity Top In?
These guys think so. Count looks as good as any I have seen lately. As always, there is an alternate bullish count, so don’t bet the farm. You can visit the site to read their narrative. I have no affiliation with them, just think they do good work.
That is not a topping count.
The high is a B wave (and not the monster “B” back to 2009).
Its the same degree as the A bottom from Dec.
What is implied here is a commonly held (but previously still uncertain) count that Jan 2018 marked the top of wave III. Now in IV as ABC. A ended Dec. B is done. C down to complete zigzag. Target 2100, roughly. Seems on track.
THEN A FINAL Vth wave, and we’ll see the A/D line divergence clearly as we make new highs.
Not a criticism here AT ALL. Its been one of two major counts we’ve all be toying with over the last few months. I had just about dismissed this count … but three days like these can change everything. Krasi at PTA has been pretty steadfast about this count. Kudos to him.
“Target 2100, roughly.” SPX basis. I never refer to the Dow.