The market went for the 1859 support early morning and it rallied from there as I had expected per my post yesterday. The waves have been difficult to label lately due to all the overlapping waves, however I think we now have a clear ABC on the micro count that favors an impulse rally to 1900. Just as I had speculated on a perfect ABC to 1812 few weeks ago and where the market started its current rally, I see the same exact pattern from the 1891 high at a lower degree. The A leg is exactly the same as the C leg and the bounce looks impulsive, forming a micro Inverse Head and Shoulders than targets 1892. But obviously, this count needs confirmation in the next session or two with either a gap up or a strong bullish reversal without breaching today's low. Lastly, the market recaptured the TA so let's see if we finally see some bullish follow through.
I added longs near the lows so I am now 100% long again. I would have gotten a better price if I had been awake when 1859 was tested but I was busy dreaming of Lana Del Rey.. literally.
Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish
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