First i wan't to state that, as labeled in the chart, it's all about the monday open! The ideea of the 5 wave formation came to me a few months ago It went beatifully. Now we have a possible abc, i say possible because we have to see if it will rally. Now let's take an indepth look at the chart. The first wave starts from the bottom line of the broadening...
Strong support here. If it holds there is a great possibility that the markets will go higher.
Spain's Ibex 35 is looking like it's starting a correction. The Williams%R gave a sell signal by breaking 20. Also, from previous high to current high there was a turn window using Lucas Series #'s. There is another Lucas Series # from June 2012 low to current highs that is signaling a turn window. With two turn windows pointing to the same area, the Ibex reached...
Significant reversal expected at $IBEX: TG-4 = 9803.
All 4xQuad forecast targets (TG-1 = 9465 and TG-2 = 9527) have been hit dead-on (See our Dead-On Hit List here: bit.ly) At this point, 4xQuad is signaling a significant resistance level valued at 9711 David Alcindor Head Trader 4xQuad, LLC Denver, CO USA
Blue lines represent resistence, currently at big resistence