Emerging Markets moving very nicely, in line with expectations. Wave iii is very likely over at current levels, will now give way to a narrow (about 1.5%) range into Tuesday/Wednesday of next week, where the base will be found for a move to about 815.
Overall though, I now think that strength in global markets will carry on through June (previously I thought that we will peak at the end of May and move lower through June). So now I think that a move lower will take place in July.
Overall though, I now think that strength in global markets will carry on through June (previously I thought that we will peak at the end of May and move lower through June). So now I think that a move lower will take place in July.
Russia has based. I make out a little impulse higher from wave 4 base. So long as the low of this week holds, look for new highs for the cycle:
Nasdaq moving nicely higher, will now likely pause. April highs firmly in sight before strength subsides though:
Finally, EUR/USD I think will pause around current levels for a little longer (wave 4 will take longer):
