Tuesday, June 5, 2012

DJIA and S&P500 Update for the week of 6_5_12


The following two graphs represent my daily wave prediction for the coming week. Both the S&P500 and the DJIA are demonstrating an upwards correction diagonal correction, which I believe will be followed by one last wave down in the labeled 5 wave sequence. The larger corrective trend in the markets will be a 3-wave pattern and occur after the completion of this final downward move. The turning price points where corrective wave 4 ands and wave 5 will begin are noted on the charts.  




All the Best,

Warren

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