Jul 24, 2014
Dip lower, break out and new ATH, everything according to the plan.... sounds great but the move is weak and DJ does not follow so be cautious. It looks like small waves 4 and 5 of this final wave 5 are missing. Projection for wave 5 using wave 1 is 2000. We will see in the next days if SP500 will hit the big round number:) If the price move inside the triangle again will be a bad sign. Bellow 1975 probably wave 5 is over. Bellow 1965 is definitely something wrong and confirmation that a move to the downside has begun.