$IBEX 1 Hour Elliott Wave Analysis 4.29.2014

Preferred view now is that dip to 9655 completed wave ((B)) and wave ( X ) low is also proposed to be in place at 9984. Wave (( a )) completed at 10530 and dip to 10248 completed wave (( b )). As this level holds, expect more upside toward 10581 (0.618 ext) followed by 10790 (equal  legs). We don’t like selling the Index in proposed wave ( x ) pull back and stay bullish against 10248 in 1st degree and 9655 in 2nd degree.

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