INDA, XHB updates 03/27

INDA: Counts IMHO best as a large ABC up because it’s lacking an impulse structure from the January 2016 low both on smaller time frame (major-waves) and larger time fram (primary waves): note this month price already overlapped with the early-2015 high. Not a good sign either IMHO.

INDA monthly

************************************************************************************XHB: Counts best as having completed major-3 of Primary V, and major-4 is now underway. I see no signs yet of a start of major-5.  Primary II was a zig-zag, Primary IV an irregular flat. $39-$37.50 seems like good support for major-4, as that’s where major-b of IV peaked. From there we can expect a rally to $48+.

XHB monthly