With US Stocks breaking out to new highs, we have to concede that the predicted ABC pattern is not in play but rather the scenario is the final 5th of 5th wave of the remaining wave higher from the 2009 lows. This would be a bearish scenario since it would suggest that this is the final move higher before the stock market bubble, fueled by cheap money interest rates, finally implodes. Its probably suiting that this coming crash lands in the lap of President Donald Trump as some sort of karmic hand of justice. However the lack of possible future waves would indicate that even with enormous amounts of money printing, the Stock Market bubble will fail to re-inflate to new highs but rather be part of a 1-2 Wave counter rally in a Bear market. It certainly will be interesting to see how this all plays out.
