From our Monday (Feb. 24) U.S. Short Term Update:
"Various news stories in print and on TV proffered myriad explanations for today’s selloff…but none stand up to reality.
"All of these supposed causes have been well known prior to today. The reason the market accelerated its decline is because its Elliott wave pattern indicated a sharp drop."
US stocks continue to follow the path outlined in our popular Short Term Update service, published each Monday, Wednesday and Friday. Get instant access to the current forecast, price projections and more.
On February 24th, the U.S. stock market saw a huge one-day decline. Headlines blamed the coronavirus ... yet those stories are badly mistaken. Now see what did anticipate the big decline, days before it happened.