No new analysis needed, still following the path outlined in the September post. There are a lot of waves still to expect, so the crash a lot of people are expecting could take a while, unless of course my wave count is terribly wrong.
I guess when the current wave is complete there will be a pullback to about 11.900, which is the standard Elliott wave level for a fourth wave.
Looking at the weekly chart a possible upside target is where wave v equals wave i, this doesn’t have to be the case, but since we are in uncharted territory this is what we have to work with.
My conclusion is that a intermediate top can be set relatively soon, with a down target of 11.900, but after that I expect a new rally to a new all time high.
I’m also keeping lower time-frame charts, but for this blog I think they are of little use.
That’s all I have to say this time, trade safe!