We were correct on 10/18 about the market heading up, but not this much !

As we predicted on October 18 (Friday), the market went up as we saw a 1-2-3 set up on the 15min

We never thought it would climb so high so fast - what a short squeeze!


The question is "where are we now".


Daily chart: We are still within a single wave up since the recent low; we need to see overbought conditions on the daily RSI(14) to call this uptrend complete.


10min chart: Still looks like a part of a B wave up from the recent low, in need for a higher intraday to complete this part of the uptrend. That would also satisfy the requirement on the daily for RSI(14)>70. It would also generate a price / MACD divergence that is shown below.

Tomorrow will report on my monthly chart analysis in order to examine where we are