DaveKoehler

DaveKoehler

Short Term running flat correction looks most likely. Downside target is $67.25 to $66.17. If it starts to play out that way, it could turn around short of that target since it's running flat. But it looks pretty flat, and so I think the target makes sense. Next move after that would probably be to the upside, but it could keep going down depending on...

DaveKoehler Updated 

Triangle wave IV recently completed and current leading diagonal primary wave 1 nearing completion. The diagonal should have 3-3-3-3-3 structure, and it appears to be about to finish the last leg this week or next; maybe right after Labor Day. Primary wave 2 could be a significant correction, setting up a nice Santa Claus rally in November. We'll see. Cheers -

DaveKoehler Updated 

The US Dollar is in a 4th wave correction, and appears to be forming either a flat-top triangle or contracting triangle, before heading higher. Key market data is imminent in about 2 weeks. US interest rates continue to make the US Dollar fundamentally attractive.