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| SAME CHART AS BELOW< BUT WITH CHANNEL LINES |
SINCE yesterday stopped above 1300m the prospect for an EXPANDED flat
is shrinking into a FLAT @1250 or running flat ending at 1280.
Either way, that low should occur on the 25th and or 26th,
That makes the 27th part of the NEXT IMPULSE wave 1
and May31st low at noon = wave 2
thus lending support to my projection for wave 3 spike on June1st & 2nd.
As for today there is LIMITED upside effort till about 1pm
before heading lower again
this effect is also clearly shown by Charts edge & Jaywiz wkly projection.
1347 to 1313 = 34 pts lost from recent wave high to low
recovery should be limited to a fibo of that
38% = 13 pts+ 1313 = 1326
50% =17 + 1313 = 1330 **** Looks very promising for 1pm or earlier today
Note the change from earlier #s
Jay
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