Resistance Levels: N/A (all time highs)
Technical Discussion
→ Elliott Wave count continues to have motive bigger picture
→ Support / resistance zone around 3400 continues to hold strong
→ higher degree Wave-[4] confirmed a major low back in March
→ bigger picture Grand Super-Cycle Wave-[ III ] now in the very early stages of development
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Our wave counts have been constructed off the Great Depression lows in 1932, which in our view have culminated in a Grand Super-Cycle (GSC) Wave-[ I ] locking in at the pre ‘tech-wreck’ 2000 highs. So almost 70 years of price action with plenty of major bear dips of varying degrees along the way, making up the subdivisions before the GSC Wave-[ I ] high finally locked in.’