3pm update - another week comes to a close

A long day..a long week...I think we need a good weekend to recover...but even more important..to prepare for next week! Market trying to level out on the 15min cycle, although the 60min cycle is still on the slide in terms of momentum.

I think its just a tease to the bears again..C' wave should go to 1370/75 at least on Monday. The thing I'm fuzzy on is whether we can get a further brief up move early Tuesday to 1380/85. Retail Sales data is due 8.30am EST Tuesday, and if it came in good, it would make for a nice spike high on the C' wave, and then we can start to level out and being wave'3.


Sp'15min

*looks like an inverse H/S is setting up on the 15min cycle...so long as not break 1354..should be fine for the C' wave.


Sp'60min

I've added a bear flag (black lines)...that should narrow the target range for next Mon/Tue.

More after the close.