I think you are right @kartiks
Wave B ended near the base of wave A, extremely bullish !
S&P/Nasdaq will see wave 3 of C shortly, they probably hv just completed wave 1 of C and wave 2 might begin signifying wave 1 is complete. If they sell off more than Friday, then wave 1 of C is still ongoing, although unlikely. We will know shortly.
India wave 1 of C is probably getting completed and we will know it in 2-3 more market days. If so it can’t rally a lot as there is not much room else it risks breaking the entire pattern.
So even if we might be in wave 2 of wave C, and heading towards 3 of C which is supposed to be the most devastating the entire market is generally still very very BULLISH.
So we might see a-b-c done while still remaining bullish
I think the fall will come but it will arrest near June lows or thereabouts
The bull market that follows then might be very lucrative
| Subscribe To Our Free Newsletter |
