US Short term TEST ONLY update 6th January


We are in the final 10 minute wave 5 up and it looks like a top before the end of the week (9th-10th Jan based on current wave formation) to complete 4H1 on the dark blue ML projected on the original Short TERM TEST post of the 19th December.

So another 1-2% depending on the index.

DOW

DOW 6Jan

 

(David you should recognize the bottom green pivot starting this wave – was a good buy as anticipated!)

SPX

SPX 6Jan

That looks likes it will be followed with 4H-2 into at least mid February giving back most of this years gains before the bull market resumes. That appears a buy hold for a month or 2 to complete 4H3.

All in all this has been a pretty successful test despite having a lovely skiing holiday with my family in Andorra!

Marc

Gallery | This entry was posted in INDU, S&P and tagged , , , , , , , , , , , , , , . Bookmark the permalink.

Ideas, Suggestions, Comments?

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s