Check out my Wacky and Weird chart & look at the MACD for clues. If it's anything like the last run it could take us nearer $12,000. Judging by the last run the low of $10,356 must hold, and red bars must not make another trough for such to work. You can add more rules if you like. I'm taking a risk publishing early as I would like to see more confirmations. Market could head down and make more troughs in which case I kiss the upside goodbye till I can spot something new. I also just noted that the market only usually makes one Williams down arrow before it heads up again, and that happened six 2 hour bars ago.
Kommentera:
Update. $10,356 low was broken. New trough made. Cancelled out the above analysis.
Kommentera:
One extra note. If you study the chart above you will notice that the hearts and squares are the lowest trough and always the first trough after a cross over down and before a cross over up. Call it the set-up. That's why the above analysis got cancelled out.