**IMPORTANT!**
On the basis of my elliott wave analysis, I am mainly in a very bullish mood. I show that I am bullish for the future in almost all of the index analyzes that I have posted in the past few months.
But I always have alternatives ready so that I am not only focused on one direction.
Here you can see a slightly different analysis with typical wolfe waves, which (at least currently) can still be activated.
**1. DOW jones**
Dow has developed a classic wolfe wave and is located on the trend line of the upper wolfe wedge. A retest at 34,691 is still possible. Below that I see the wolfe as activated. Then it goes much deeper in the market.
**2. S&P**
Also a wolfe wave that still has a lot of time until the apex point. A bearish formation can also be seen in the chart, which can at least indicate a small sell-off.
**3. NASDAQ**
Nasdaq is also in a perfectly developed wolfe wave. 5 touches and currently the market is trading in the surplus zone of the wolfe wave. NASDAQ may reach a maximum of 14,825 if the wolfe wave is to continue. Otherwise the bulls are unstoppable;)
Wolfe waves do not have to occur 100%. We should keep an eye on these 3 charts and look at the critical levels in the chart. If such a wolfe is activated, the market could correct strongly.
On the basis of my elliott wave analysis, I am mainly in a very bullish mood. I show that I am bullish for the future in almost all of the index analyzes that I have posted in the past few months.
But I always have alternatives ready so that I am not only focused on one direction.
Here you can see a slightly different analysis with typical wolfe waves, which (at least currently) can still be activated.
**1. DOW jones**
Dow has developed a classic wolfe wave and is located on the trend line of the upper wolfe wedge. A retest at 34,691 is still possible. Below that I see the wolfe as activated. Then it goes much deeper in the market.
**2. S&P**
Also a wolfe wave that still has a lot of time until the apex point. A bearish formation can also be seen in the chart, which can at least indicate a small sell-off.
**3. NASDAQ**
Nasdaq is also in a perfectly developed wolfe wave. 5 touches and currently the market is trading in the surplus zone of the wolfe wave. NASDAQ may reach a maximum of 14,825 if the wolfe wave is to continue. Otherwise the bulls are unstoppable;)
Wolfe waves do not have to occur 100%. We should keep an eye on these 3 charts and look at the critical levels in the chart. If such a wolfe is activated, the market could correct strongly.