My 2232 short term target was hit and confirmed intraday last Thursday (2/18) and again on Friday (2/19) when we touched 2229 (low for the day). High was 2250 which finished a 4 day 5 min short term 5 wave move up from Tuesday's (2/16) low of 2189. Friday's close was 2244 so if we go above the 2250 high with a move that sticks bulls are starting yet another potential 5 wave move up. Conversely, a move back below 2232 that sticks gives control back to the bears for a potential ABC down.

As for $Gold (using GC Feb futures as a proxy), as I write this (Sunday 2/21) we have touched 1131 which finishes an 11 day 30 min short term 5 wave move up from the 1044 low set on 2/5. I'd expect gold to move up or down with stocks so if we continue to move up above 1131, $Compq should move above 2250.

After dithering around in a 79.5 to an 80.8 range for the past 9 days, $Usd put in a big black candle last Friday (2/19). High was 81.34, low was 80.58, close was 80.59 so the dollar has yet to start a trend in any direction since completing its 5 wave move in the 80.7 to 80.8 area.

Keep an eye on the NQ March futures- a move to 1831 finishes a 5 wave move up from the 1801 low set on 2/18. We got as high as 1830 on Friday 2/19 before selling off to 1818 after hours.