Today US stock indexes are showing a decline. Statistical data from Europe, Japan, and South Korea have proved to be weak, which is rather disappointing for investors. Dow Jones Industrial Average index has lost 0.30, having dropped to 13068.39 points. Standard & Poor’s 500 has amounted to 1406.36 points, having lost 0.29 percent. Nasdaq Composite index has lost 0.49 percent, having dropped to 3066.10 points.
The chart below reflects the current state of affairs with Standard & Poor’s 500 index: the soon start of third wave up has been declined. At this point wave [c] of (z) is most likely to be formed as a part of a three-wave structure. The level of support 1397 is to be broken for this to happen.
