This powerful upwave appears to stall over the past five days. Or perhaps it’s not a stall but a flag. Flags have the function of replacing a correction or downwave. And they are very bullish. Edwards noted that “the flag flies at halfmast”. That would mean if the price breaks up we would look for a target of (approx.) 3045.
Meanwhile back at the PnF chart a target of 3959 is seen. While the press and the pundits blather about the coming crash the chart says buy. Just remember the Trump risk factor. He will continue to create uncertainty and volatility in the market, and these markets are hyper-sensitive to news and surprises.