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This is how I have been drawing the fork |
![]() Breakout toward target? |
If today finishes with a long white candle the candlesticks will confirm a buy signal else the indication will be to hold the short sale from almost 2 weeks ago when the market was at 1453.
I am feeling less inclined to keep the 1490-1520 target, but I still see it as possible. Today may give more clues. I have felt that the market would show a stronger blow off at the top with a swifter reversal, so I am not letting go of the higher target just yet.
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This chart from Jerome Hickerson.
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