I haven’t updated the site for a while and the reason was very poor market conditions.
The risk reward wasn’t at our favorable ratio.
Many analysts , especially Elliot wave ones ,expect a down wave C to new lows , below 660.
We encountered a V structure bottom pattern which is very rare. My analysis shows that a new uptrend has begun since 980 area.
As long as 980 is not broken , The uptrend is still intact.
Please take a look at the updated performance page.
http://usindex.blogspot.com/feeds/posts/full
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