A few days late, here's the LIT ETF update and it's not a good...

A few days late, here's the LIT ETF update and it's not a good one, something I'm sure we're used to by now. (That must mean we're due for a run of good news, right??)

After it looked like all systems were go and closing in on that second major 62% fib level the price fell off a cliff. The price has closed lower than the previously marked C wave. I am now considering this to be an ongoing complex correction which is two or more corrective structures joined by an X wave. I will continue to watch how it develops. This current move down could still be the A wave or could be the C wave. Hopefully it's the latter. A potential bullish divergence on the cards here if it can stablise around here would suggest a likely C wave IMO.

LIT ETF Daily


The LIT ETF still favours my original primary count which suggests this is currently a wave 4 which has retraced slightly more than 50% of w3. I thought the LIT ETF and AGY were similarly poised in that regard but AGY is now favouring an alternative count after the recent drop. From what I have seen complex corrections are rather frustrating, so I won't post too much about this until we start to see some positive signs that it's ready to resume the uptrend.

LIT ETF weekly


Just quickly with AGY, the 5/10/15/30 minute charts are showing a potential move up to 29-30c area for me although I would've liked to have seen a higher close than yesterday.