Posted by hotstock1975 > 2020-05-19 09:23 | Report Abuse

Both mentioned resistances 1407 and 1418.42 have been broken without creating 'e' wave. It meant the sub 4th wave correction has ended at 'c' wave and sub 5th wave is on it way up. Let's see whether the current momentum can drive it to a potential target of 1450-1460 which is just beneath the UT line shown.

Posted by hotstock1975 > 2020-05-19 10:58 | Report Abuse

Closed above 1418.42 convincingly could spur some strength towards upside. Let's see Mr Market is able to pave the way.