As you can see below the S&P little "v" is complete. It could go sideways from here, and then move down to begin a large letter. It could take a couple of more days before they move the market in one direction or another, to actually determine which path they are going to take. There is only two paths they are going to take: 1) a more direct path to 27332.74 (The absolute final top WILL BE between 27332.74 and 27,999.99...The top will not have a two digit handle other than 27). 2) They will make a large letter lower than the market is now, pretty much beside the large "V", and then they take the market to the top. These are the only two options in my opinion. It is not going sideways for more than 1-5 more days, and any day the market will make a large move one way or the other.
The fact the these two charts are not in sync makes this even harder to call, which is obviously their strategy. We are going to find out any day, which way it is going. With yesterday's action my call is it is "still up in the air".
S&P Close On 3/13/2019 |
DJIA Close On 3/13/2019 |