Are we about to see a strong price move higher, similar to 2014? market-observer.rhcloud.com What you haven’t heard of it? That’s not surprising because it is only rolled out at times when a FMOC driven market has whipsawed sideways for months and coiled into a wedge that’s so tight you’re either mostly in cash — watching for the obvious breakdown that’s about...
I expect the market to find support around the 4800 level and make a sharp run back up for the remainder of March. To at least the 4933 level and possibly back up to new highs before the larger swing down continues. Update to original post on 01/17/2015
3 stage pattern 128 bars (184 days) out is around 4/17
Could bounce from here if not then next levels are another 5-10% down.
Micron breakout replication Fib extension target between 35.15 - 35.80
Expect a short term bearish move. Once that reverses, jump aboard for primary trend up into next year.
Expect a short term bearish move. Once that reverses, jump aboard for primary trend up into next year.