With this mornings MSP's (market structure projections) ultimately following the 20 Year QE Dataset (Magenta, see chart link below) the ideal target area of 2104 continues to be the preferred zone for a turn. There is a chance that this may extend further up to between the 78.6 retrace and 1.618 projection area, but that remains to be seen. We hope everyone had a good trading day and we'll post tomorrows MSP's a little later on this evening. We'd also like you to meet the our FED monster in a two part featured article, Imaginary Numbers.
Good evening everyone, and be sure to keep an eye out for tomorrows MSP update. If you have any questions about our analysis or any of our market analysis systems please feel free to contact me at john@mcm-ct.com.
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