Friday, November 25, 2022

MTU Weekend Ed. - Dow Exceeds August High (11/25/22 close)

The now closed the day and the week above its August 2022 high while SPX is more than 7% shy of its August high. 

The larger price structure remains  the same. 

On the bearish side, the current upswing may be a part of a bearish flat,  bearish expanding triangle or bearish contracting triangle,  to conclude a corrective B wave. 

On the bullish side, the current upswing has commenced a larger-degree wave (possibly wave five) to new highs, or the final leg of an expanding triangle to finish the blue [b]-up of 4-down.   Note that in the latter case, the subsequent blue [c]-down of 4-down does not need to exceed the October low. 






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