3pm update - green confirms the blue

The sp'500 is set to close the week with net gains of around 2.4%. The weekly green candle on the 'rainbow' (elder impulse) chart is absolute confirmation that last week was indeed a turn - with a blue candle. Simply put....there are more green candles coming, taking us into mid/late March.


sp'weekly8

Summary

Chart weekly'8 has been - to my own surprise, correct since last summer.

For those regular readers out there.. you will know my original outlook was for 'broad upside into late spring 2014'.

Well, we ain't got much longer to wait. Another 4-6 weeks..and this nonsense might be finally wrapped up - at least for a few months.
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back at the close.