Thursday, April 3, 2014

Dow futures… will it take out 16540?


Yesterday's post regarding the Dow futures in still in play, but may possibly be invalidated. A push above the 16540 area will do this. If a new high is achieved the daily chart is showing a ABC to finish the 5th wave of wave 3. Trgt where A=C is 16560. 

Side note- Intraday 1 min chart shows a completed or very close to completed 5 waves up.

Positions holding short…

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