Sunday, March 10, 2013

Trade Guideline For Monday

Wave 5 up may have ended on Friday with Friday's gap-up opening above Thursday's swing high, then reversing down.

For Monday, 2789 is the key level to watch.
-- For Monday, a break below wave 4 swing low (2789) implies wave 5 has ended, with wave C target 2783.
-- Staying above wave 4 swing low (2789) implies wave 5 may still be in progress, targeting higher high above Friday's swing high.