Most of what's to be mentioned I have stated on the chart. During the weekend I made a comment on nmikes monthly chart. I was agreeing in what he saw....that the bull market looked like to be continued. I see it the same way, with next stop around 1776 at the end of the year. It's a bullish count. Fed has made a live test on how market would react to tapering. It showed a QE addiction beyond imagination. There is only one way now ... to print till..... the end....of ....FED.
I see the following: After minor 1 completes, there will be a minor 2 pull-back to the 1600 area before minor 3 makes a new high above latest ATH. A potential IHS can be observed forming with head at 1560 and a neckline close to 1654. It gives a possible target around 1748. It's corresponding to the minor 3 of major 5 target area. Major 5 will then be at 1776
I see the following: After minor 1 completes, there will be a minor 2 pull-back to the 1600 area before minor 3 makes a new high above latest ATH. A potential IHS can be observed forming with head at 1560 and a neckline close to 1654. It gives a possible target around 1748. It's corresponding to the minor 3 of major 5 target area. Major 5 will then be at 1776