The markets continued to creep up on Friday mornrning, anticipating the finalization of the U.S.-China trade deal and the end to the trade war.
But what we really need here, to get a final confirmation of my Dark Window scenario, is a correction. Based on how the markets have behaved since late December, this current rise looks like a first wave up (in Elliott wave parlance), with two more to follow… taking us to 10,000 on the Nasdaq, 33,000-plus on the Dow, and 3,500 on the S&P 500.
With us just 2% from the highs on the S&P 500 and Dow, and 3% on the Nasdaq, watch today’s video to hear what I expect will happen next… and why.
I’ll also explain my timing and targets.
Note: I recorded this video yesterday, so when I refer to “today,” that’s Friday, and “yesterday” is Thursday.