Elliott Wave Stock Market Update - January 23rd
20 hours ago
I think it's better count todays wave as wave B of ii despite the missed interception with the wave i of A. The last half hour on SPX was probabily the beginning of wave C of ii.
Whith this uptrend i must change my count and see this movement as wave B of ii.
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I have two possible counts for DAX but, as i expect one minor wave iv for spx, i prefer the similar count for DAX. Despite this, i expect some support in the 3940 area due is the 50 % of the retracement.
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