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Wednesday, April 26, 2017

Wednesday 26 April, 2017

This is an interesting junction of the pink fork and the blue fork.  If we don't break through the 2400 area a pull back to 2300 would seem very likely. I believe that would create a possible ABC 4th wave.  But the 2450 to 2525 would still be my target as I described to Danny in the comments of my last post on 19 April, 2017.
The Ichimoku is very strong. The market is above the Tenkan and Kijun,  the Kumo and the Chikou.  The only negative is the Tenkan and Kijun are in the Kumo, but they are sure to break out.  It all seems pretty positive, but I'm just saying there is a reason to turn down too.

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