We are seeing the US stock market headed to previous highs. This could either signal a break out to new highs or a double top. Based on our analysis and the climate of Trade Wars, we believe its more probable for a double top to occur and hold the ABC correction pattern of a 4th wave decline. If we can break to new highs then this would invalidate this count and this would signal that the 4th wave is over and in the process of a last gasp 5th wave.
News:
S&P On Verge Of All Time Highs:
https://www.zerohedge.com/news/2018-08-07/sp-verge-all-time-high-china-stocks-soar-most-2-years
