Elliott Wave 5.0 "Reboot"

Tuesday, April 5, 2016

Goldman Sachs GSCI Commodities Index Review

As bad as this looks like  a big decline, there could also be a hidden pattern in this price action. Everything looks like 5 waves down have completed, but these 5 waves could be stuck on the end of an expanded 4th wave. If this is true, then this index should pick up and fly one more time.  

There would be little room to move so this has to happen soon, with the possibility of crude oil following as well. 

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