They may kick the can for another 100 points, but if this is going to play out the way we've analyzed it then we should see some actions this week. Or the alternative has already kicked in " May 13/19 , 2021 "
101 elliott. W1 extended is DONE/ABOUT to be done this week.
101 Elliott.
101 T.A. Key, shift in correlation by crossing up/down Zero line.
Up /Down/ Sideways. Maybe July's data is more important than June !!!! and they use this as a bears TRAPE !!!
1/ Picking tops is like a Casino style trading, i hope you understand that. 2/ It took us 163 days to achieve a top for the previous 40 weeks cycle therefore, if we rhythm with that we could/might have a top in June. 3/ M2 will not allow such long pullback/correction to happen, very unlikely !
Only time will tell.
More than 9.94 % probably this is the right count. Less than 5.82 % this is wrong, and we are in a W3 1-2 1-2 formation. 101 Elliott.
1/ During a secular bull market. 2/ Excluding all Major crashes. -------------------------------------- There are roughly +- 38 signals - 76% it is a safe zone to buy when Cross & reach a trough of the correlation coefficient. - 24% it is either a false signal or not safe "Sideways".
Already passed the time. Percentage gain still in our side 100 points to be exact !!! 101 Elliott.
101 Elliott
101 Elliott.
101 Elliott. Or we have an extension of a bigger count.
101 Elliott.
To the best of my knowledge & little if any experience this is the most 12-20 trading days since Covid's low. I hope this would help you one way or the another to confirm that my count is wrong or yours/others count is right.