Preferred scenario: wave [4] has finished at 23.6% Fibonacci retracement and the wave [5] of a is in progress. I'm looking for a wave y minor of (y) intermediate like an a-b-c zig-zag.
Alternate scenario: we are still in wave Alt:[4] and, after a triangular wave Alt:x , now a downward wave Alt:y is starting.
I am always of the opinion that in the long term is the DJIA who leads the path, as in 70s; the SPX chart is misleading.
ElwaveSurfer
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