The powerful move up for US stocks on 3/26/18 strongly implies that the
low of what could be wave "C" of a developing Elliott wave - Horizontal Triangle is in place.
A move below the SPX low on 3/23/18 will eliminate the wave count.
The supposed wave "C" was .618 of wave "A".
If wave "D" is .618 of "B" this targets SPX 2752 as a top for wave "D"
The declining trend line targets 4/11/18 as a possible topping day.
Mark
low of what could be wave "C" of a developing Elliott wave - Horizontal Triangle is in place.
A move below the SPX low on 3/23/18 will eliminate the wave count.
The supposed wave "C" was .618 of wave "A".
If wave "D" is .618 of "B" this targets SPX 2752 as a top for wave "D"
The declining trend line targets 4/11/18 as a possible topping day.
Mark