We got the pullback yesterday for the wave 2, and while it didn't go as deep as I would have liked it was enough to make me very bullish going into the next few days. I don't know when we will top but between this Friday the 31st and next Wednesday the 5th is the likely period. I think we can see 100+ points over the current all time highs as it will take out every last bear out there before we rollover for a good pullback in most all of the month of February.
We could top tomorrow if they really get the squeeze going, who knows? The technicals are lined up really nicely for a strong rally to start today was we should be in a wave 3 up and we have that nice Inverted Head and Shoulders pattern too. Plus the MACD's and RSI on the 2hr, 6hr and Daily support more upside before the market exhausts itself.
We also have a triangle pattern now, which is called a bull pennant flag, and it too suggests we go up at least a 100 points over the current high, probably more. But after this last squeeze I'm big bear again.
Have a blessed day.
