Jul 28, 2014

Update

Wow that was fast, it was more like 3 hours and not 2 days:)
We have two legs higher of the same size and I think this is a-b-c zigzag but the move does not look finished so I still think FOMC should be a top and I expect dip to support/Fibo and higher again.

The alternate scenario is we have 5 waves down 3 up and another impulse lower has started... than FOMC and FED saves the day on Wednesday(watch 1973 support).

It is crazy how support/resistance and Fibo levels match perfectly - see the chart from the previous post and this one:)

2 comments:

  1. Replies
    1. Thanks, last several weeks the forecasts work great:)

      Delete