Final Swing Into New High Or Big Countertrend Rebound

There are two plausible scenarios. Either the market resumes its trend to the upside in a final minute wave v(circle). It is likely that the last swing to the upside, labeled as minute wave v(circle), started off last Friday's lows. The best alternative scenario is an interim top that has been reached at the end of January 2018. However, even that has likely a big retrace due to the 3-wave move to the downside since then. Hence even if the Eurostoxx 50 toppend, it can do so only in a diagonal scenario. Those get retraced big time!

S/L 3307
Target 3550

Commentaire:

-2.4%