$CME - RC -
Added 2024-01-13 21:06:35 +0000 UTCFor all new members, RC means Requested Chart, so its not particularly a company or chart I am researching but it is a chart that Tier 2 members are looking for.
All requests must be of companies above a market cap of $1 Billion and if I do not like the chart or the company, I will make it clear to steer clear of it.
$CME does not fall into that category.
The pull back for Wave 4 has already come down to the 0.38 Fib which is the standard level for a Wave 4 pull back but it remains to be seen if it will be tested again, if it does and it fails a second time, then this is into the bear case and its corrective pull back to around $120.
A bounce on the 200 and 50 Day MA, where both are at the same level right now at $196 would put this in a good position to move higher for our Wave 5 at $300
