Elliot Wave Analysis Qs July 16th - Part 3
Today’s action in the Qs is an astounding +0.53 or +1.46%!
I am feeling great because in the first part of this analysis I projected the Qs to move down to 35.00 to complete the fifth wave. After completing the fifth wave, the following A wave would be a sharp rise upward, such as we are now experiencing! Now, we didn’t quite get to 35.00. It looks like we got down to 35.50 yesterday. So is this upswing a new A wave in the correction? I’m not sure yet. It could just be the 4th wave correction of the 5 wave extension. I need a bit more time to really analyze, but I may not have the time.