- Some more sideways chop or final decline into 1/28-29 is pending
- Cycle studies combined with a new wave progression nested at 3 degrees suggests that the breakout will be to the upside
- 865 DAILY CLOSE can be best case downside target by the aforesaid CIT (change-in-trend time pivot zone). 865 only comes into light if a DAILY CLOSE (6pm CST USA) is below 965, otherwise it will be a sideways chop
- Major long-term BULL continuation support is at 700 DAILY CLOSE
- If everything goes ok into the CIT zone, the breakout should be to the upside targeting 1310 by Feb 19th, 2014.
Good luck!
Chanakya
- Cycle studies combined with a new wave progression nested at 3 degrees suggests that the breakout will be to the upside
- 865 DAILY CLOSE can be best case downside target by the aforesaid CIT (change-in-trend time pivot zone). 865 only comes into light if a DAILY CLOSE (6pm CST USA) is below 965, otherwise it will be a sideways chop
- Major long-term BULL continuation support is at 700 DAILY CLOSE
- If everything goes ok into the CIT zone, the breakout should be to the upside targeting 1310 by Feb 19th, 2014.
Good luck!
Chanakya