sp'daily3b
Summary
Considering the recent price action, it does look like 1737 is a key floor. I realise some will disagree with that. Personally, unless we break <1770, any hopes of a new multi-week low will remain on hold for another few months.
-
re: daily3b. I realise any count is highly subjective, but hey, a simple extrapolation is suggestive of the upper 1800s in March/April..possibly the low 1900s - as a number of notable chartists have been suggesting.
Yet another H/S idea
These H/S scenarios sure haven't worked out so well in the past few years (aside from summer 2011), but here is another one..assuming a multi-month top around late March/early April.
sp'weekly7c
It is an appealing scenario, not least with downside from the 1875/1925 zone...down to 1625/1575 across just a few months.
--
Looking ahead
We have a trio of econ-data, jobless claims, business invent', and retail sales.
Yellen was due to speak to the US senate, but that has been postponed, probably for some weeks.
*there is no sig' QE-pomo until next Tuesday
--
Goodnight from London