Peter Temple’s opinion at World Cycles Institute the week of June 24 is that the market (Dow Jones-DIA, SP500, ES, SPX) may move up a bit more before correcting in a fourth wave down to ‘C(4)’ on the chart. After that, a last fifth wave up will complete a medium term top, with a long corrective impulse wave beginning a longer term bear move in the market.
His summary is; We’ve completed the third wave in ES at the top of a possible expanded flat or we have one more very small high to put in. I believe the Nasdaq side of the US market has likely seen the top.
For the complete article go to WorldCyclesInstitute.com.