50% retacement is looking really tough here. If we can't break it this month, I'm looking to 880 area for support on the next pullback.
If on the other hand it does manage to break on through to the other side then 1230 area will be our next resistance.
Time will tell.
Nice chart, Ed.
ReplyDeleteYou're about the only other market observer on the planet that is following this count along with me.
Check out my "Chart of the Decade."