A little Elliot Wave Fun - are you ready for what's next?

If you are like me, thinking the US markets will act as a safe haven for global capital, then you should clearly see the upside potential if these recent lows hold.

If not, then you are seeing the downside risks as more likely - and will want to understand the price structure in place that may prompt some consolidation.

IMO, we are amid a Wave 4 correction.

Any Wave 4 correction MAY turn into a new price wave structure (ending an ABC wave and starting a new price wave). So, the reality of the current global market trend is...

If my analysis is correct, we must rally to new all-time highs. For this to happen, a broad shift in investor sentiment needs to take place.

If my analysis is incorrect (related to this being a bottom for the US markets, then we would be anticipating a broad global crisis event related to debts/inflation and other emergencies.

I think the US Fed will move to a more moderate rate adjustment schedule while the global central banks deal with credit/debt issues. It does no good to crash the markets to stop inflation.

Just like in the 70s & 80s, inflation will weaken as rates stay elevated. It is just a matter of TIME and POLICY.

Capital WILL seek out the best investment vehicle in the future. I believe that will be the USD and US ASSETS.

What are your thoughts?