Using Elliot Theory & TI's, this is the most likely scenario I see playing out - we see some short term relief up until Xmas before we make our final decent to lock in our bottom.
- NVT should hit around 40-37 area and bounce like it has many times before (Oct 2012, June 2013 & Jan 2016)
- Fib Resistance Fan has also been a pretty solid support/resistance...
Looks like we're close to the top of this correction, we should range around this area for a week or so before making the big 3rd wave (of wave 3) down.
