US continues to rally, hitting above 50% retracement since its downtrend lows last June. US is the only market in the world which is near its 52 week highs, almost 3-4% from its high. The rest especially Asia is 3-4% from its lows.
We continue to forecast where US can go, and after we finish this Int Wave V, we expect another correction of around 5-10%, before make new highs(50%), or we make new highs before Int Wave V finishes(50%).
But for now, let us wait and see if DOW and SPX can breakout short term on its downtrend lines.
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