We have a decent trade setup for today as Wednesday is calling for a bounce and Thursday is projected to be the weakest day of the week. Ideally the 75-80 zone would be the entry area and we'd look for new lows below white wave (i) as a mimum target with the potential to run down to a 1.618 extension, or in this case, 2040. Stops for this trade would reside at white wave ii because that would invalidate the present structure. Good luck today and profitable trading. Below are the links to the intraday and daily/weekly Market Structure Projections.
If you have any questions about our analysis or any of our analysis systems, contact me at any time at john@mcm-ct.com
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