Important Interim Note - Market Analysis for Mar 12th, 2021

I am sending this out as an alert to the entire members because it is important.  

Even though we spiked through the (a)=(c) yesterday, this action is now putting that yellow count front and center.

If we see a lower low in the futures, followed by a corrective bounce, that is a 1-2 downside set up for a c-wave down in yellow.  Therefore, a lower low should have you strongly considering protection again, with stops at yesterday's high.  This could set us up for a 200+ decline next week, so stay on your toes.

But, clearly, if we take out yesterday's high, it makes it more likely that we are trying to complete wave 1 of (3).  

I would imagine that by the end of today or by Monday at the latest we will likely have our directional perspective.

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Avi Gilburt is founder of ElliottWaveTrader.net.