Several count options. The DJIA may have the best count. Note the alternative. Who knows how it’ll go this weekend.
At key support yet there is a 7-point overlap with red (3).
Again, the SPX is a tough count. Things have been actually quite orderly. The 2 best counts perhaps:
10 year primed for a thrust breakout.
Short term rates. Trump won’t be happy if they have to raise the Fed rate.
Proof that it has been an orderly decline. The CPCE still has yet to show any panic.
The DOW gives the best count. Could be due for a major rebound.
The chance for a major stock market crash is here. Elliott Wave International has this rise since 2020 as an ending diagonal triangle with overthrow. And since prices have now decisively broken back underneath the upper wedgeline, a quick collapse to beneath the starting point – Dow 18,000 – is called for. That was the 2020 price low.
Let’s just throw a bunch of labels on there and see what sticks in the end.
