Posted on Wednesday March 09, 2016
Today is going to be brief and without the typical template.
Tomorrow is setup to be a big day with the coil and Draghi.
We have completed a 5 wave correction and have the potential for a H&S, that can not be ignored. This is either a H&S or some kind of consolidation wedge. It can go either way with the fed catalyst.
Downside target 1946
Upside target ~2030
Gun to my head, it breaks higher.
Execution plan should be straight forward.