elliott wave analysis of xjo & spi, page-70

CSL

Potentially finished a tri thrust for wave 5, if its finished then i am looking for a big decline now, these last few months appear to be in a topping phase between waves 4 and 5.

Sideways chop then a small spike suggest a triangle and "thrust" so a termination of the trend, its not actually gone anywhere, its wasted time.

A strong reversal under the wave [e] low would be a good clue of a reversal (66.95)