The 2.5 week to 2848 + or - 10 has effectively been reached. There still is a 5 week to 2866 + or - 10 and a 10 week to 2860 + or - 10. A pullback to 2800 if it were to occur would not cancel the higher projections.
Hurst Projections
#1
Posted 19 March 2019 - 09:24 AM
#2
Posted 19 March 2019 - 11:37 AM
And if we hit the 5 and 10 week projections today, then what?
#3
Posted 19 March 2019 - 12:18 PM
There would be no higher projections. Depending on your view of other factors it might be an area you would consider lightening up. If you have been long for a couple of weeks or more, you would probably take partial profits at 2848 and then the rest at 2860 or so and then wait for another setup if you are a buyer, or a short term trader may consider some short term shorts if we go directly there. If we did get a quick pullback to 2800 it would probably be worth a buy.