The DJI moved up to almost 10,200 within a week. This I believe is due to the bearish sentiment surrounding this re-test of the Feb/May lows. The AAII bullish % was 24.7, a number normally only seen in the heat of bear market declines.
I count Minuette1 complete. If this is correct then the DJI should correct a minimum of 140 points, call it 10,045 on the DJI. The 5-minute, 380-unit M/A looks like it will intersect around 10,000. This would be ideal.
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