Update to Elliott’s soup

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Today’s reading of the Elliott’s Wave (chart by AdvGet) does confirm the projections of the A.I. model: after completing a first wave, the market is now searching for the (2) support to start the (3) wave. You may note the two supports Ellipse indicator. The area just under 2100 seems to be a strong resistence and the place to start accumulate. Maybe we will have some more indecision, as the presidential elections are marking a lot of instability, a few days sliding or chopping until the result. Note that market bullishness is now under 30%, ready for the jump.

Targets are ambitious: the first is at 2340 and there is the possibility that it is reached by year end or January.

 

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