This is an option. The primary is wave (5) up underway. However, leaving room for this possibility.
We'll see.
-------------
Looks like wave {iii of iii completed today or is nearing completion. We'll see if the -ve MACD divergence is confirmed. Wave iii = i at 2190.
The bulls need to defend 2108.71 in order to complete five waves for wave iii. Though the primary count is bullish, I actually took a small short position again on the chance that this pulls back to the 20/50 SMA or fails on a sustained break out over the 213x level.
 |
| 60 Min |
