I’m still standing by the correction call I made back in December.
The timing has been slow and honestly a bit frustrating. But the actual chart structure hasn't changed at all.
If anything, it’s just taking the long way around.
The technicals are clear:
- $S&P 500(.SPX)$ $iShares Russell 2000 ETF(IWM)$ $Dow Jones(.DJI)$ are in 5th wave overshoots.
- These look like ending diagonals
- $NASDAQ 100(NDX)$ still hasn't confirmed the move.
This isn't a breakout; it's a higher-degree peak forming in slow motion.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Comments