Jun 29, 2016


The price moved above the resistance zone for w4 of an impulse lower and it is clear that another move higher is running. No perfect count to fit cash index and futures so keep it simple 3 waves lower corrective and impulse higher bullish.
If this is the next big leg higher? - I think no it does not feel right. I will explain on the weekend. There should be more to the upside after a pullback so you can go long if you see three waves pullback and we see what happens.


  1. I look forward to your comments this weekend. This market has been difficult to trade...a little too quick for me....not enough comfortable set-ups

    1. It is difficult for me too.... I still think the tradeable low will be in Autumn but how to show convincing forecast for a reversal of this vertical move:)