I sound like a broken record already, but the market came right down to our support region many times yesterday and last night, but held each time. And, of course, this means that without breaking support, we are looking higher. For today, the 1695ES Fib region is the first level of resistance, followed by the Fib cluster in the 1701-1704ES region. We need a break down of 1687ES for the first signal that wave iv has begun.
Originally published on ElliottWaveTrader.net.