Squawk Morning Briefing: Forcing a Decision

U. S. equity markets extended losses on Wednesday and reached even closer to the decision points we have been watching to determine whether a turn down has begun from last week’s highs or whether we will see higher highs first. However, this is not a situation where the odds of decline increase the closer we get, especially without a pattern that clearly suggest a more clearly impulsive move to the downside. For now the move down is equally well explained as a corrective move from last week’s high.

The market is approaching the time when it needs to choose one path or anthoer so this is the spot where we want to force the market to commit. That latest update on action which would demonstrate the markets intent appears in today’s videos. We know the parameters now we let the market show us where it’s going.

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Elliott Squawk delivers thorough market preparation every morning in time to take action during the trading day. By combining up-to-the-minute futures activity with traditional end-of-day analysis from cash indices, you receive analysis based on the latest conditions as the trading day sets to open. Each issue of Elliott Squawk goes beyond traditional Elliott Wave analysis because we recognize that trading Elliott Waves is much more than just looking at the most likely current count. Squawk will prepare traders to assess the market action as it unfolds by answering questions that any Elliott Wave trader should consider:

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