Coming into this week, we were looking at a setup for a potential high to Septembers up leg and a
resumption of the large mid-term decline. At the end of the week, we are left with just a small earlyweek
pullback, followed by notable strength that keeps the price pattern pointing higher once again.
So it continues.The indices had a chance to break down at the start of the week, but the opportunity was not taken.
Instead, price turned back up and has kept the up leg going. Still, we are right in the area where a high
can reasonably be expected. Any type of notable weakness will be seen as a big clue that a high is in.
Meanwhile a breach of 10350 Dow, 1090 SPX, and 1860 NDX at any time provides absolute
confirmation that a larger mid-term decline is playing out. In the meantime, we absolutely must
maintain our bullish near-term stance. Even though the time is right for a high, we have to be
stubborn and ride this up leg until it is clearly over. The current persistence of the move shows you
exactly why this approach must be taken.........Request a free issue by visiting wavespeak.com
resumption of the large mid-term decline. At the end of the week, we are left with just a small earlyweek
pullback, followed by notable strength that keeps the price pattern pointing higher once again.
So it continues.The indices had a chance to break down at the start of the week, but the opportunity was not taken.
Instead, price turned back up and has kept the up leg going. Still, we are right in the area where a high
can reasonably be expected. Any type of notable weakness will be seen as a big clue that a high is in.
Meanwhile a breach of 10350 Dow, 1090 SPX, and 1860 NDX at any time provides absolute
confirmation that a larger mid-term decline is playing out. In the meantime, we absolutely must
maintain our bullish near-term stance. Even though the time is right for a high, we have to be
stubborn and ride this up leg until it is clearly over. The current persistence of the move shows you
exactly why this approach must be taken.........Request a free issue by visiting wavespeak.com