Explosive Move Higher – False Breakout or Start of Leg 3?

Markets review, strategy and analysis

In today’s video, I break down the explosive move in equities following a non-surprising CPI report, and what it means for the market’s next leg. With broad participation showing up across sectors and equal-weighted indices confirming strength, the trend is picking up steam — but only if we get confirmation tomorrow.

We also explore the risk of a false breakout, and what signs would trigger a shift to a defensive strategy. On the crypto front, I update the technical outlook for BTC, ETH, and XRP, all of which are holding up well and preparing for potential continuation.

Finally, I walk through my current long positions and how I’m managing risk in an increasingly bullish environment.

If you’re new to Elliott Wave or need to refresh, there is a 7-hour video course with downloadable slides under EW Course tab on the website.

You can find it HERE.

Cris,

EWCafe