Evening Update: Decision Point
Today we came into the wave 4 topping area just shy of $75. My primary expectation is we head down in 5 of c of C of 4. This is the last low as indicated on the chart.
Now I must call to your attention a potential situation to keep your eyes on tonight and into tomorrow. If we do not make a new low and instead go higher tomorrow and SURPASS $75 impulsively that will tilt the odds in favor of having bottomed yesterday. Follow through will be needed to at least reach and ultimately surpass $88 as pointed out on the chart.
Each day we hunt for clues that will give us insight into the future pattern developing and the trend to play-out.
Best to All,
Chris
Now I must call to your attention a potential situation to keep your eyes on tonight and into tomorrow. If we do not make a new low and instead go higher tomorrow and SURPASS $75 impulsively that will tilt the odds in favor of having bottomed yesterday. Follow through will be needed to at least reach and ultimately surpass $88 as pointed out on the chart.
Each day we hunt for clues that will give us insight into the future pattern developing and the trend to play-out.
Best to All,
Chris
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