U.S SP500 fell 6,6 % and the Dow 5,5 %. SP is now 18 points below my target which is counted from the head and shoulder formation. So is the Dow which is just 80 points below. This formation has now played its role and it arrived to the targets in five long waves as anticipated.
FTSE has also reached the target today or 4.898 just 13 point shy. Swed30 is 29 points above target which is 880.
After the targets have been met a correction on upside use to happen, but not always. Information will follow in next blog.
Gold and CHF rose higher than 61.8 % of the key reversal bar which ment that it likely would take a new high which also happened. The new all time high for gold came today at 1.717 on u.s. close.
FTSE has also reached the target today or 4.898 just 13 point shy. Swed30 is 29 points above target which is 880.
After the targets have been met a correction on upside use to happen, but not always. Information will follow in next blog.
Gold and CHF rose higher than 61.8 % of the key reversal bar which ment that it likely would take a new high which also happened. The new all time high for gold came today at 1.717 on u.s. close.
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