Bullish High Quality 3 Bar Reversal on the Weekly Could Complete Tomorrow

Posted on the 13 February 2014 by Souljester @souljester618
I have been watching this week's candle to see just how bullish this may be. Unless they trade below 1797 tomorrow, which seems unlikely, we have a massively bullish weekly candle setup now. Accordingly, I have adopted the most bullish Elliott Wave count and target and will not deviate from it until the bears break that support.  The next weekly target is SPX 1976ish. And, yes I do see the bearish path here. But, it is presently not acting bearish and is instead presently acting bullish.  There is always a bull path and a bear path. We cannot know which path our future will take. As always, do your own due dilligence, read the disclaimer, and make your own investment decisions. Peace, Om, SoulJester