Elliott Wave 5.0 "Reboot"

Monday, March 21, 2016

Mini SP500 Bull Market Rally Review: What If it Is A Fake!

As much as I would like for this to all keep going, there is a good chance that we could be coming to an end of a big bearish move that must end.  Since the 2015 November peak and decline would have to belong to the diagonal family, and now that that this SP500 has dipped well into my wave 2 it could end up being an ending diagonal.

If it truly is a bearish rally, then it must decline and retrace this entire move up.  Since the February bottom the rally can also be a diagonal as I have already practiced that before. 

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