The Market Pulse: A Daily Perspective

Tonight's post will be brief as there is not much to discuss due to the thinly traded holiday markets.Today's price action looks to have completed a small fourth wave which means that a final fifth wave should still unfold to complete w.v circle of w.5 of w. (2). In preparation for the termination of w.(2), I'm looking at the following price targets whereas,

• w.v circle of w.5 = 1.618 RF of w.4 at 1258
• w.v circle of w.5 = .618 {w.i-w.iii} at 1271.50
• w.v circle of w.5 = w.1 at 1291.75

There is one more upside target at 1306.25 where w.v circle of w.5 = .618{w.1-w.3} but the current wave count appears to be to advanced for such a push.

Best of Trading