Friday, November 4, 2016

MTU Weekend Ed. - Retest or Reversal (11/4/16)

[Nov 6 update - 650pm]
The FBI news pushed stock futures sharply higher.  The sharp upswing is now consistent with wave (c)-up of [iv]-up in Chart 3 above.  Chart 4 below illustrates with the real-time ES price action.  (The bullish alternative counts Friday's closing low as the green wave [v]-down or point 7 in Chart 2 above.)