

Wednesday spent a lot of time pivoting around the 1523 resistance. The high of the day achieved the SR table up maximum for the day which is a rare event. Only two moves can do that, a climatic fifth wave top or the middle of a strong up move. Since we are not in position for a third wave and are in position for a topped wave from 9-10-07.
The key support for Thursday is the daily up cycle projected low level at 1522. If that level holds support and a higher high is seen it can go to 1550. Bust 1522 then the daily down cycle low at 1517 and it goes into the weekly projected low at 1499.
The key support for Thursday is the daily up cycle projected low level at 1522. If that level holds support and a higher high is seen it can go to 1550. Bust 1522 then the daily down cycle low at 1517 and it goes into the weekly projected low at 1499.
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