Throughout history, wars tend to break out “in the midst of or shortly after a bear market in stocks,” explain our friends at Elliott Wave International in the current issue of their monthly Global Market Perspective.
With that in mind, two of EWI’s global analysts look at the Elliott wave picture in Russia’s RTS Index to see what it suggests for the prospects of the war.
Their conclusion is stunning. Not only “some sort of military incursion” appears likely, but if the pattern progresses as expected, the “entire region could descend into abject chaos.”
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.