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0727 Jamie Pick

0727 Jamie Pick

2010-07-27 19:15:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

After rallying over 1000 pips from its June low, it may be time for at least a sizeable setback if not a continuation of the larger downtrend. At this point, the rally from the June low is in 3 waves, which is corrective. The spike above 13034 satisfies minimum expectations for the end of wave v of C. Additional strength could test 13185 (a confluence of Fibonacci extensions).

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