Τρίτη, 2 Αυγούστου 2016

Stoxx- World Markets Wave Alert

Author: Garrett
STOXX, 60MinChart

The STOXX also traded initially higher this morning before rolling over, barely making a new local high. Today's action aside, the count still looks the same, counting best as only 3 waves off the June low so far. Even if wave (iii) wants to extend higher from here, which looks unlikely, I need to see a 4th and 5th wave to count 5 up from the June low in order to place more confidence behind a lasting bottom in place.

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