I know that this analysis would be somehow challenging and controversial one!
Considering the US PMI and labour market data, I expect a corrective C wave which is probably the last correction of wave 2 of the major 5th wave.
Remember that the bullish target for the final 5th wave is around 2400 and above.
The invalidation level is specified on the chart!
Considering the US PMI and labour market data, I expect a corrective C wave which is probably the last correction of wave 2 of the major 5th wave.
Remember that the bullish target for the final 5th wave is around 2400 and above.
The invalidation level is specified on the chart!