Seems ED is a possibility in this final upleg into the summer
注释
Triangle is a bit ugly but does not matter as long as it forms properly
注释
This whole thing could still play out as a flat meaning could form as irregular flat or running flat. In any way higher highs will follow, the questions is one more downleg to 2300 or higher low as in 2360s?
注释
Actually flat looks better since will provide alternation which means next week we top out and then sharp decline. Let's see
注释
Actually could be a larger triangle also. Ahm these 4th wave. Next wave down will decide, if impulsive or corrective what it is
注释
Triangle should be close to completing on futures
注释
Complete, lets see whether 2420 is at hand
注释
ED forming on a lower level seems to me if it breaks below 2380
注释
So far holding the line at 2380, what a complication
注释
OK, so it was not a triangle as it seems to me is come form of corrective wave down on a micro level
注释
Momentum spike on the downside, implying worst is over, At worst a marginal new low should be followed by a new ATH
注释
Following the general shape so far. Lets' see
注释
Closed above the 55 dma and good weekly candle bounced off the 20 wma within the BB. So far so good
注释
Just released CFTC spec net long positioning is neutral, has been cut down significantly. Bullish
注释
Slightly lowering summer target to 2465/2479
注释
2nd estimate GDP ticks up to 2% YOY. Goldilocks everywhere. Ongoing acceleration from the bottom in 2Q16