Wednesday, May 29, 2013

05/29/13: looking for 1680

Haven't had a chance to update recently given the long weekend holiday.  The up channel broke and in hindsight I was incorrect in my rough forecast.  However, the up cycle still has not completed yet.

The dips that have been hitting 1635 should have been bought.  However, these are only short term trades as I still see the up cycle ending very soon...end of May/early June

We have a positive reversal off of the CCI 86 so this indicates a higher high above the short term high of 1674.  Rough target is ~1680 by approximately early Friday.

No comments:

Post a Comment