Five waves off yesterday's low at 2026 to today's hi at 2058. Looking for another long entry if a pullbak to 2040ish occurs(50% retrace)— Grand (@grand680) May 20, 2016
2058.35 is the levels the bulls need to defend now if they want to form a larger degree five wave move higher. The bulls have also broken thru the descending channel and may now have a bullish flag in their favor. The bulls have also held off the bearish H/S so far.