With earnings out and traders not getting the normal reward of new 52 week highs, we continue to subdivide lower in a primary circle wave 4 that will more than likely not bottom until next year, possibly longer. A primary wave 4 will consist of an intermediate ABC, and each intermediate label will consist of a minor ABC. We're still working on minor B...therefore, it's important that followers of my work be informed we've only just begun the primary wave 4 pattern.
In the short term, we will be in this general area for a while as it appears now we're working on a flat for Intermediate (A).
In the short term, we will be in this general area for a while as it appears now we're working on a flat for Intermediate (A).
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