Today's movement is similar to yesterday's: ->Force up at the beginning ->Finds important resistance and retreats heavily (yesterday it was relatively slow, today relatively fast) ->It then retested and defeated the previous resistance (both time with speed) ->It ends market hours moving up again
Therefore the analysis is not very different from yesterday's: ->We could see important movement up tomorrow
However, from an Elliott perspective: ->The important retracements of 31-08 and 01-09 are different in nature (one slow, one fast) ->They could be showing waves 1, 2, 3 and 4 of a wave 3. ->Today's market hours up movement could be wave 5 ->In that case we could see a wave 4, that could find important support and therefore behave like the one in 26/7-08
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