Chart says all. Symmetrical triangle now in fifth wave and narrowing rapidly to apex; correction six months old- maybe time for recovery
Index trading with support @25K (former resistance now becomes support) forming a descending wedge > suggests break to upside
Cup formed from June - July now shallow pullback is forming the handle. A breakdown to lower support will invalidate this idea
Elliot wave form had sharp wave 2 pullback so alternating behavior suggests wave 4 will be a shallow soft landing; fundamentals are still solid
Pennant on flagpole from wave 123 is a descending wedge, taken with approaching apex in symmetric triangle (continuation) & cup formation all point to an upside break.
Irrational exuberance may be just around the corner in August.
Good luck traders!