Notes from the chart:
Possibly the low is in at the last low to end Wave C Down.
Possible ABC may be completing as extended Wave 4 Up.
Coming up on BIG RESISTANCE line and 200MA line. Will take a lot to breach and hold above.
This last push up may be to complete C of 4 Up at the1st touch of BIG RESISTANCE dotted line.
Well above bottom red dashed up channel line, 1st Orange line and the 50ma which is more bullish.
Hitting lower dotted green channel line less likely to be in play.
Need to see even more continued strength as confirmation the low is in.
Changed the triangle to a new potential up channel in Red. Possible to hit top of channel.
A low may be in. Have to see how things develop in this area. There is enough RSI left to blow price up and over.
Back over 2 Trillion in the market...it's flooding in.
Possibly the low is in at the last low to end Wave C Down.
Possible ABC may be completing as extended Wave 4 Up.
Coming up on BIG RESISTANCE line and 200MA line. Will take a lot to breach and hold above.
This last push up may be to complete C of 4 Up at the1st touch of BIG RESISTANCE dotted line.
Well above bottom red dashed up channel line, 1st Orange line and the 50ma which is more bullish.
Hitting lower dotted green channel line less likely to be in play.
Need to see even more continued strength as confirmation the low is in.
Changed the triangle to a new potential up channel in Red. Possible to hit top of channel.
A low may be in. Have to see how things develop in this area. There is enough RSI left to blow price up and over.
Back over 2 Trillion in the market...it's flooding in.
