April Fools Day may be the high turn point for the Market.
Don't let the market fool ya! We should see another high (black 3) and then a quick pullback as shown down for wave 4.
The Harmonic Patterns complete in the sell zone and indicate a quick retracement soon after.
We'll keep our eyes on this potential and if it plays out for us, we'll be ready to buy lower in the green zone.
If the green buy zone holds and turns up as we expect, then the market should make a final try to close the Pesky Gap! at the 2855 area.
This would be the high point sell zone in the rally we've seen from the Dec 24 lows last year.
As we approach these highs in the next week , we could be in for a fast drop down for a few months.
Old Fool warning about the April Fools Day possible high pivot turn down.
Old Fart
Don't let the market fool ya! We should see another high (black 3) and then a quick pullback as shown down for wave 4.
The Harmonic Patterns complete in the sell zone and indicate a quick retracement soon after.
We'll keep our eyes on this potential and if it plays out for us, we'll be ready to buy lower in the green zone.
If the green buy zone holds and turns up as we expect, then the market should make a final try to close the Pesky Gap! at the 2855 area.
This would be the high point sell zone in the rally we've seen from the Dec 24 lows last year.
As we approach these highs in the next week , we could be in for a fast drop down for a few months.
Old Fool warning about the April Fools Day possible high pivot turn down.
Old Fart