if we subscribed to the Primary Cycle 'Dilernia Principle' of continuing higher for the rest of 2017. (Double Bottom Primary Cycle low in the 1st Quarter.
The best pattern would have been the month of MAY moving down into the 2nd Quarter 50% level and then heading higher in June, (Previous Report)
We have seen the price action place out precisely, with the market moving down into the 2nd Quarter 50% level, and then heading higher using the 3rd Quarter 50% level and the next THRUST pattern upwards.
There maybe random resistance around the August highs @ 5616-5633...
But we need to treat this market as a Primary trend that's heading upwards into 2017, using the expectation of it following the Principles within my books.
