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Saturday, March 4, 2017

Saturday, 3/4/17 update

Looks like we may have hit a wall at ES 2401 on Wednesday, but it should only be temporary.  If the current count is correct we're in Minute W4 of the election day rally that commenced Nov 9, and that is Minute W4 of Minor W3 of Intermediate W3 - so the bull should be alive and well for some time yet.  4th waves can be complex and tricky, so it's difficult to project how the correction might unfold.  Potential chart support for a Minute W4 low is in the ES 2370 area and below that in the ES 2350 area:

Intermediate term view:

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