Stocks followed my Elliott Wave almost perfectly (save for the very last segment). Looks like they’ve broken out of the psychologically important 3000 level, but just barely. The real level to watch is 2975, as this represents the upper bound of the sideways corrective wave. This will provide support. Try to avoid honey-badgering your way into a long trade now. We are likely to see a squeeze before open. Note the Kovach Indicators remain really strong, supporting the overall bull trend.

Best Elliott Wave Stock Analysis

Stocks break 3000. They are likely to retrace on a squeeze before the open at 9:30am. I would use this as an entry opportunity if your bias is to the long side.


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