The TSE financial sub index suggests that some temporary low may have been put in a few days ago, we erased all gains after 2003. After making a very nice , and rare, expanding triangle 4th wave. Click on chart to enlarge!
The TSE itself is not quite at itâ€™s logical target. The wave 4 on the way up is at about 6000 (this is the 2003 low). The lower point of the â€œboxâ€ at 61.8% down would work out to about 5750, but this is a little too low as it assumes the entire multi year up move started from 0, which is obviously not the case.