4/1/16 - AM Update

Testing the lower limit for a 4-1 overlap for the final wave {v. Lets see if the market bounces from here to make one more lil wave higher to complete five of {v. That is near term.

On a lil bigger picture, the daily shows an island reversal back below the upper trendline of the channel coupled with a daily MACD cross down.

We'll see which MA the market is headed for. The 50 MA would be a good place if the move off the 2/11/16 low is a complete five waves.

6:45 AM - 60 Min 

Daily