Elliott Wave 5.0 "Reboot"

Friday, March 18, 2016

E-Mini SP500 Intraday Bull Market Review: Breaking The Glass Ceiling!

All the April contracts are running out and have been removed so all my wave counts are now based on the June contract months.   The markets have pushed higher, but their accent has been slowing down and has turned more choppy.  This could be a clue that an expanded pattern is in progress which, if it is true will send the markets into a small tail spin in a complete surprise move. 

Any move down that is fast is also very sharp as they cannot be separated.  These sharp moves have  a good chance of being a "C" wave nose dive and the market will turn and soar in another leg up. 

 Once this last leg is near completion then we have to review the entire move as we may end up breaking new record highs.  This is still some time away, but we do need a correction, to make the so called last leg happen. 

If we do see a crash, then I can see gold making an inverse move as investors run to a safe-haven asset.