ladder removal thursday, page-4

From a purely EW view, many indexes look like the lastest rally was just 4 of 5.

This implies one final quick move down to new lows.

The measured target here is the mid 4700's but have yet to measure XJO/XAO exactly but will shortly.

Not all indexes read this way with some suggesting they are complete, so even with new lows not all will make it.

The only caveat is that in my experience the final leg doesn't always develop. Fifth wave failures are ackmowledged by EWers and the 5th of a 5th is where ir happens.

A final leg could be complex but more likely just several days, so we could still go lower and complete it all next week.