One of them is likely to recover its footing
Quite a week in the equity indices last week. Is the end upon us? As you know, my view is no, that we have been expecting a wave (iii) high in the advance up from early 2016 and now should be forming a several month corrective pattern for wave (iv) before an eventual top that should end both the advance from 2016 but also the rise form the 2009 low.
Here’s a quick reference for Bradley siderograph inflection dates and gaps up in the Dow and SPX
Here’s a compilation of the open gaps in the S&P 500 and the Dow 30 since last September.