I looks highly likely that we see 3400 this week or close too it. When price gets this close to a major high it usually at least wants to tap it.
Anything can happen but I would expect at least a shallow pull back or consolidations period back to or above the .236 fib if price touches the ATH. I will be watching
for a false break and pin bar which would offer a...
Finished Friday with a inside week. I expect a lot of indecision going into this week with big earnings being reported
and comments from the Fed. I see the potential for a pull back here but into a ton of support. If price holds the
shaded box I will lean very bullish and expect a test of all time highs.
We had a 382 pull back from the Gartley completion I presented on Sunday night. See previous post. Price has since gapped up and held
near 3200/320 and is setting up a bullish consolidation pattern. The close this week will be key. Usually when price gets close to a important high
(like it is now) it at least want to test it. We will see tomorrow.