Just yesterday — even this morning! — it seemed that stocks were finally out of the woods.
But as I’m typing this…
Our friends at Elliott Wave International had a hunch this would happen. Here’s what their Short Term Update wrote Wednesday night:
“The harmony of the major averages is out of whack, which is what happens when they are in the process of entering a large-degree decline.”
Here’s some good news: Right now, Elliott Wave International is having a rare open-doors event, FreeWeek.
It’s a special free event for U.S. investors. Now through August 29, free, you get to see their latest forecast for stocks, bonds, gold, the economy and more.
Here’s why you should: Tonight, after the market closes at 4 PM Eastern, the new Short Term Update will give you the latest Elliott wave view to prepare you for next week.
Who is Elliott Wave International?
EWI is the world’s largest independent technical analysis firm. Founded by Robert Prechter in 1979, EWI helps investors and traders to catch market opportunities and avoid potential pitfalls before others even see them coming. Their unique perspective and high-quality analysis have been their calling card for nearly 40 years, featured in financial news outlets such as Fox Business, CNBC, Reuters, MarketWatch and Bloomberg.