Just Thursday — or even on Friday 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.