The Elliott Wave Principle (EWP) has been an accurate and reliable tool to forecast the futures market’s next moves. The EWP continues to run supreme because last week, the ES bottomed right where I thought it would, 4375 vs. 4370. The expected subsequent decline to ideally 4115+/-25 (green c/3) is now underway, but it could stall at 4170+/-5, and wave-4 could bounce back to as high as the 61.80% level. I, therefore, continue to expect a bounce soon to. ideally 4235-4295, but possibly as. high as 4340 before the last leg lower of this significant correction that started January 4th completes at. . . .
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