That island top reversal/bearish evening star formation I have in the green circle above marks an intermediate top. I hope everyone got really short the next day. Anyway I am looking at a move to 81.5, where we should get a bounce back up. This bounce is fairly significant as it will validate certain counts. Targets for the bounce range from 84-85 area if we are in wave 2 of 3 of 5 down. Other targets are in the 88-90 area if we are still in wave 1 of 5 down.
I will look at the charts this weekend and put up what I think Sunday evening...
1 comments:
Very much look fwd to your analysis.
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