The Weekly trend is up!

On the weekly the trend seems to be up sort off. The Weekly 3% ZZ indicator says that it is a triangle so far, from looking at the price action since 10/22/18 till 11/13/18 and the RSI is just below 40 , once this breaks then the momentum is upward and should be a ZZ with wave 1 and 2 already formed.

Daily Count

The daily count projected to show that the end of the ZZ will be at end of the “blue”dotted line.The RSI is no the raise from the 40 levels and high implied volatility. 

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