One interpretation of the Elliot Wave pattern we see now is that the wave that started from the 2009 low, after a huge 11-year long impulsive 3rd wave followed by the 4th wave correction, has entered and may have even completed the 5th of the 5th wave, implying it'll go south all the way from this point on.
But then of course there are other interpretations and the market may have more energy and go further up.
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