As a canary in the mineshaft to recessions the DJT appears to have topped in November 24 and the corrective 4th wave has or is near complete indicating a measured move down of 13% before a significant rally.
On the longer term view this may only be a C of a primary 4th wave Correction and will make new highs or could be the start of secular bear market,
Ive seen conflicting Elliot Wave Counts with both Bullish counts suggesting a new ATH is at hand as the decline is only a 3 wave decline and not five and bearish counts suggesting this is only a bear market rally since the Trump Tariff Tantrums.
However if we look at the decline as either a leading diagonal in a primary 4th Wave of an overall bull market or a...
Deutsche Bank appears to have completed the 4th wave in a classic Elliot Wave 5 wave move within a declining channel and the 5th wave should retest Covid Lows
