This is our first Weekly Update on US markets and we have a lot to share and digest. I trust you will enjoy it!
Performance last week
We have successfully called a continuation of the trend and then local bottom in our Daily Analytics. By the end of the week, we firmed up the count as 1-2 waves. Most of it was an analytical exercise without active trading, though awareness of where US indexes are on the map guides other decisions (crypto, gold, investment in stocks).
Example of the realised count for Nasdaq.
Dow Jones - Next Week Outlook and The Big Picture
DJI offers a very interesting perspective that will steer our thinking this time for SP500 and Nasdaq. The price seems to have not finished the bigger uptrend, and the coming decline is wave 4 of ending diagonal C (see the big picture below).