Follow Up On Rally Post

The key to this rally making it to the 50dema is a move above Monday's highs of 31.97 for the Qs and 9159.58 for the Dow. Failure to follow-through above Monday's highs by this coming Monday or Tuesday accompanied by a 3 wave rally would indicate that wave 5 is already in progress and the triange completed at Monday's high. While this is possible, I think the fact that today was an outside reversal day limits that probability.