Jun 17, 2016
Sometimes it plays out perfect - slightly higher to finish wave 4, after FOMC lower low with divergences and on top of that w5 hit the Fibonacci projection with less than 1 point deviation. The reversal is sharp with bullish candle so the retracement should last a few days. The indexes will probably squeeze a few points higher, but we have resistance / MA50 / Fibo 50% retracement and we should see a pullback followed by another leg higher into the resistance zone. Above 2105 will look bad for the bears.