$IBEX (IBC-MAC) 1 Hour Elliott Wave Analysis (4.28.2014)

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 ))  high is in place at 10530 and wave (( b )) pull back is in progress. This pull back can reach as low as 10188 – 10254 before rally resumes. We don’t like selling the Index & favour more upside as far as pivot at 9985 low remains in place.

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