Real clear on the 30-minute charts. Pullback for a 50% re-trace of the run off the lows based on the imperfect 3-white soldiers on the 30-minute COMP chart prior to a ramp to the 1292 projected target.
That 30-minute chart shows the move was a beautiful 5-waves up:
stockcharts.com[h,a]eaclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14][J9867868,Y]&pref=G
The question is, will this be just a correction off the low before a drop to re-test the lows, or the beginning of a Max Pain ramp? We'll see. My guess is the lows need a re-test Friday or Monday and we get a Max Pain ramp. We'll see. |
