Loading ...Never before has so much capital been put at risk by one confab , as is at risk by this weekend’s G20 meeting. With four weeks left in the year, the stakes could not be higher.
The casino is break-even on the year. Which at minimum throws in question the value of record stock buybacks and mega tax cuts. With four weeks left in the year, the stakes could not be higher.
Here is a potential wave count. For those who don’t subscribe to Elliott Wave Theory, regardless the symmetry between the two fractals is uncanny. Both “v” wave downs had large overnight gaps. Both wave “2” retracements have large upside gaps. The only open gaps are all below today’s close.
If this count is right, December will be a bloodbath on a scale few can imagine.
Today’s rally almost tagged the 200 dma: