Stocks Can See A Pullback Before Resuming Higher
Feb 14 2020
In this video analysis I covered some interesting markets with clear patterns and interesting levels, that might be indicating a pullback on stocks.
Put/Call ratio, EEM (Emerging markets) and S&P500 charts can be showing that stocks are trading at the extreme levels, based on Elliott Wave perspective. If temporary risk-off is really about to show up, we can expected a continuation down on CAD/JPY, since we know that in risk-off, JPY is a safe-heaven. I will also look at USDCNH and what lower CNH can means for the AUD.
Be humble and trade smart!
The EW-Forecast team.
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