Tuesday, June 28, 2011

Tuesday 6/28/11 Market Update

There is no change to the count since yesterday's update. An impulse higher since Friday should be unfolding.

It is possible that wave 4 is still underway as a flat or double. If this is correct, at least an impulse higher since Friday should still complete for a zigzag since last week's low. A rise above last week's high that holds will be a bullish development.

In the longer term, a flat since February is the primary view.

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