The pullback's target area 1451.75-1446.37 is approaching

12.46  PM Update
Looks like 1456.13 holds. If it can hold till 2.00 PM, I think the pullback was done and We would see the Wednesday in green.

The rise since 1329.24 is clearly motive impulse waves (5-waves non-overlap pattern).
The rise from 1396.56 is likely a wave 5 extended and my target would be 1494.00.

The pre-market hints a continued pullback today to test the support 1451.75-1446.37. At this support level I would like to add longs.

No comments: