I see that with you... a cautionary down day for markets, S+P to the key (critical) support 4350 It has to bounce back this week. similar with AVXL pullback into the target zone, but I think AVXL has some wiggle room still (18.50-18.12-17.75) The rally capped at the 19.80 target by the looks of it. not a bad rally wave. needs to hold the 18 area now. 17.70 is more critical for the bullish upwave picture. 17.50,in my view,starts to disolve the bullish energy of the upward pattern and starts to redevelop the Range.with as much chance to fall back to 17/16.70 as it does to hold 17.50 and rally bullish beyond the Range. The Range is still in play here.
But the greater market index pressure this week, needs continued watching. End of Q on thursday. ripe for a take down? might be a good time for some profit taking and dry powder in case of . Hard though, to sell any AVXL here. was hoping to see 21 area this week. If it will rally again, the time is now. next day or two.
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