American stock exchanges have started the week without common dynamics. Monday trading session started with a minor rise. This day Dow Jones Industrial Average index has dropped by 0.26 percent – to 13123.48 points, Standard & Poor’s 500 has lost 0.09 percent, amounting to 1409.9 points, and Nasdaq Composite has risen by 0.05 percent – to 3071.22 points.
The chart, composed by the experts of , shows the movement of Standard & Poor’s 500 during today’s trading session: the previous trading session has supposingly been characterized by the first rising wave. This will soon be proved by breaking the high 1427, but before this second wave correction is to be over. Lasting downward correctional trend is considered as an alternative. In other words, the first wave is a joining item (х) of a three-wave structure. If the alternative variant succeeds, low 1397 will be broken.
