Black sees wave iv at 1605 or so.
Blue and red sees a move back towards 1550 minimum.
I think black is still the one to watch but because it is also looking for a pullback, better to wait to see how the wave structure plays out.
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| 60 Min |
Monday, May 6, 2013
5/6/13 - EOD Update
It is very likely that all three count options have reached a terminus. Which option is in play, determines how far the market will pull back in the next few days.
Black sees wave iv at 1605 or so.
Blue and red sees a move back towards 1550 minimum.
I think black is still the one to watch but because it is also looking for a pullback, better to wait to see how the wave structure plays out.
Black sees wave iv at 1605 or so.
Blue and red sees a move back towards 1550 minimum.
I think black is still the one to watch but because it is also looking for a pullback, better to wait to see how the wave structure plays out.
