Really think we are going to remain "Bullish" At least till June of this year. I just can't see this as a Triangle. For now I am analyzing this move as a "C" wave up. Target @ 1478.00 area. This is close to 100% of the "A" wave. Currently believe we are in the 3rd leg up where we will reach the top of the "A" wave @ 1375.00. Predicting a shallow 4th leg around the 1360.00 area.In otherwards the trendline protecting the bottom of these moves will not get violated significantly. This analysis is only my humble opinion. Ha! Ha! Trade safe and have a great week!
Agree. I anticipate a bit deeper correction right now and go back above 1340 and consilidate below 1365 but never exceed 1365. Then drop in second half of the year.
thenry
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@pbartashevich, Really, guess we will see. I anticipate it breaking 1365.00 this week. Ha!