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Saturday, March 12, 2016

Saturday, 3/12/16 update

Should see a top to the move up off the Feb 11 low in the next week or so:


Since Inter W3 is shorter than Inter W1 in this count, the maximum travel for the current Inter W5 is the length of Inter W3.  That point is at ES 2088.00, and represents the invalidation level for this count.  The alternative in that case is the probability that the move is extending, hard to believe since the move up off the Feb 11 low exceeds 200 points (11% +) in the space of a month - but it's still possible.
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