Expect a test of 9312 – 9384 to complete wave A of ( C ) after which Index should make a corrective B wave pullback and turn lower again. We don’t recommend buying into wave B as it should resolve into more downside.  

Recent push up has erased the divergence in RSI favouring the idea of a 7 swing move. Expect a corrective pull back followed by more strength toward 2.85 – 2.88% to complete wave ( X ) before 10 year note yields turn lower again into a double correction.

Another push higher to 14843 could be seen to complete an extended  (( v )) and A. After that Index should pull back  in 3 waves toward 14250 – 14300 area and resume the rally. We don’t like selling the Index and strategy remains to buy the dips in 3, 7 and 11 swings after […]

Another push higher to 14843 could be seen to complete Ending Diagonal wave (( v )) and A. After that Index should pull back  in 3 waves toward 14250 – 14300 area and resume the rally. We don’t like selling the Index and strategy remains to buy the dips in 3, 7 and 11 swings […]

Wave (( a )) has completed so expect a corrective pullback toward 14200 – 14250 area from where the Index should turn higher again. We don’t like selling the Index into the pullback and strategy remains to buy the dips in 3, 7 and 11 swings.

Wave ( B ) has ended as a FLAT.  Expect more upside toward 14650 14700 area to complete a 5 wave move up from 13750. After that, Index should pull back in 3 waves in wave (( b )) before turning  higher again We don’t like selling the Index into any proposed pullbacks and strategy […]