At the backlink I provided the model below left, current actual is below right. My initial bottoming target was hit. The threat model is presented on the right. The threat is that the recent bottom was only 1 of 5. Note how this stopped just at the bottom of red 3. Now the herd has to decide if it will reverse downward rapidly into 3 of 5 or if it will push up though the blue box.
Monday, November 16, 2015
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