Bulls were strong and it's likely that wave B was finished in the ABC form retracement.
With Europe markets in strong rebound and US-premarkets up more than 0.25%, It is very probable for today that the index will advance to target 1344.56 the retrace 50% of the fall from the height of 4/2/12 to the low of 6/4/12.
Price may advance further next week before the finish of wave C if markets get supporting events from Eurozone.
No comments:
Post a Comment