The Stac Board

[75playa]

Tops and bottoms....------>>>>>>

Look at the 60 minute Naz. I keep posting how many we have (I know) but it's important.

We had 2 higher lows and now we have our second higher high. This is very important for two reasons. One is that the previous low is my trigger for an exit and second is this is usually where big retraces occur if the charts don't get a big push here.. The high could continue but the action off the high and the amount of divergence is very critical.

Seeing that the last low went below the first high, we are still most likely in wave three with bad diverging studies. If we don't climb much higher here and then put in a small retrace (w4) then a big move down could easily be in the cards.

A break of 1445 could start a huge move down