 | ||
| Making a NICE IMPULSING CHANNEL LOWER |
Levels to look for
1307
1274
1235
1206
1161
A plunge at close today to the 1235 level would set the stage for a STRONG OPEN tomrrow
probably to 1258, the most recent low of JUNE 16th.
BUT
IMV, IT WONT END THERE
THAT BREAK of 1258 would ALSO SIGNAL that WAVE [E] is not forming a running triangle,
and might morph into an irregular correction or double zig zag.
Both of those indicate the LOW should end quite a bit lower than 1258
more later
Jay
1 comment:
1258 GOT broken, but NOT BY MUCH
DID THAT FINISH the DEAL
UH-UH
NO WAY
Tomrrow should set the LOW of this
{C} wave to at least 1235, if not 1206
THIS may NOT AS EXUBERANT as my previous projections, but STILL
quite well targeted
More Later
Jay
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