I posted this count in the chat room. So Far it's looking pretty good.
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| 3 Min |
*** I should add that the bounce yesterday near the close can be counted as five waves up. So watch for a 50-62% retracement near 1149-1147 first.
6:20 AM Pre Market Update
With the opening gap drop this AM, we must turn out attention to the diagonal I presented yesterday as the alternate.
I will keeping an eye on the lower TLs. Typically in diagonals, when a wave 4 throw over occurs, it is typically followed by wave 5 throw unders. It's not a requirement but something to watch out for.
GLTA today.
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| 10 min |
