The break above 1,189.43 have made the bullish count the preferred count. We should see a rally higher towards 1,200 in wave 3, but the latest part of the rally doesn't look impulsive, which points towards an Ending Diagonal evolving as wave v of 3.Keep an eye on the VIX as it could break out to the upside of it's Ending Diagonal.
No comments:
Post a Comment