6:55 AM - The bulls are being challenged by a bearish five wave count down, however, it may just be a wave c of an expanded flat.
I have updated the bull count to reflect the expanded flat, which makes decent sense considering wave -a green looks like three waves and wave -b green also looks like three waves. We shall see.
The 200 day SMA is near 2065 so there maybe support here.
|
15 Min |
However, on the 60 min chart below, a much larger flat could be in the works and if that is the case, wave c could target 2020 again.