Update of wave analysis. If my waves are correct, then we might break through the 0.854 fib level and reach 3333 next week. Maybe a gap up Monday or Tuesday morning? The question then becomes do we push all the way up to 3460 to make it to 1.618 of the first wave or does it rollover instead. I am still very confident that we are coming to the end of a corrective wave B. All upward waves seem to be 3 subwaves (up, down, up). It will be interesting to see if the Fed can keep wave C from being a big one.
This is not trading advice. It is just my musings. Hope this helps and good luck.
This is not trading advice. It is just my musings. Hope this helps and good luck.
