Wednesday, June 16, 2010

Here's the chart

Ok, so I'm feeling a bit more rested now, so here's a 15 min chart. No rules broken here in the 5 wave move off the bottom. We either have a minute wave 2 flat here (shown), or the A leg of an A-B-C. If it is an A leg, then I expect the market to hold the 1090 area and keep price in the channel for an eventual move to 1145 and potentially challenge the 1160 gap.

Best in your trading!
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