A correction is underway but there still may be some upside left. This is a good time to look at a potential wave count that is actually a wave 1 peak. If this is the case then a .382 correction could take us all the way back down to 1945 before cranking up again. There are millions of possible retracement ratios from different peaks all the time. Finding the right one is like looking for a needle in a hay stack.

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk