We released two targets and waited for some denouement to occur. As of this 4-hour candle moment, we are in the position to confirm that our targets are very much in sight and in force.
A discreet positive divergence allowed us to announce with some greater degree of certainty that a solid floor at 709.00 was established, and indeed, price has remained at bay relative to that side of the market.
Pavlovian pattern traders and price-bound analysts might perceive something else occurring on the smoke screen, but our predictive analysis remains unfettered, leading up to an intact set of targets, which we had defined last week at 814.40 and 864.82.
David Alcindor | 4xQuad.com
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