May 26, 2015
It is too early to say which scenario is playing out. This is just a road map how a bullish and bearish scenario should look like. We will watch how the move is developing and we will know what is going on. More bullish(green) - wave 5 of the ED/wedge is running. All waves should be corrective, series of threes and when you project them we should see a low around 2085 +- several points and high around 2155 +- several points. Interesting is that 2155 is perfect touch of the upper trend line of the wedge(see the chart below). More bearish(red) - if the ED/wedge is finished, we should see sharp move lower impulse and the first significant bounce should come at support and MA200 around 2040(see the chart below).