Just an update on this cup and handle formation I have been watching.
EOD Update
The market continues to stair step higher. I added a mini rung at 1290.If the market shot straight up tomorrow it would touch the top of the channel at approx 1299.
Option 1This option here is still in tact. The question remains though what top this would be once it completes. If anything, I think the market wants to tag that upper channel.
Wave 3 OptionThis option shows that wave 3 black is complete or near completion.
Wave 5 Extension OptionIf the market wants to rally above 1300, this continues to be the option I'm following
