Update 17 April – Expect drop for rest of week


It is not often that there is alignment as we have today!

The US dollar has completed 5 minute pivot 2, its 4th level subwave and has a pivot count of  2/2/2/4 so I anticipate enough build up to take it over 84 in the next few weeks.

The Euro has the opposite count -2/-2/-2/-2/-2/-5 so it looks like it will drop to below 1.26 over the next few weeks.

Both the SPX and Russel, as well as the DAX hit their upper resistance cycle  parallels and are expected to break  this weeks earlier lows by the end of this week or early next week.

On the SPX expect a drop to the lower purple parallel.

On the Russel expect a drop to the lower blue parallel.

On the DAX expect a drop to the lower bold blue parallel.

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