In this post I provided what will likely turn out to be an incorrect model for the GS 60 Minute chart which appears at the bottom of that post. Today's move suggests that I miscounted the waves so this is the corrected version. It basically says that GS already completed 1-2-3 and 4 of the C wave but a $5 move up over the next few days is due before 5 of C can be counted. If this happens as modeled, it will form a declining double top at the green resistance line which will probably mean a trip down to the $163 range.
Again, the markets seem like they want to stall as long as they can in order to get to a Walk Away in May scenario. It remains to be seen if the growing war in Ukraine or the heating tensions between China and Japan will let the markets hang out that long at these nosebleed levels. Stranger things have happened.
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