Loading ...Stocks & Crude Oil
My Cycle work has both the Stock Market and Crude Oil seeking out their next 5-6 month Intermediate Cycle Lows (ICLs). My expectations are that both Stocks and Crude will form higher lows than their last ICL (May 2020) as I still see this move as an Elliott Wave ABC corrective move lower against the primary trend which is up.
#Dow has made a lower low today and my chart shows both my Cycle Counts and that an Elliott Wave C down is still underway. #SPX #QQQ #IWM. I see this move as an Elliott Wave ABC correction lower against the primary trend. pic.twitter.com/AfHLsyyEB8
— Surf City (@SurfCity_Cycles) October 29, 2020
#CrudeOil still seeking out its next long-term 5-6 month Intermediate Cycle Low (ICL). #usoil pic.twitter.com/mrt5JJzoRO
— Surf City (@SurfCity_Cycles) October 29, 2020