The METLIFE daily chart has clearly made a low of wave 3 and has entered wave 4 up. Since wave 3 was a $40 move, we can expect a 38% retracement towards 40 but even 45 (50% ) retracement is possible. This might be a stock to consider on weakness around 30.Futures show a strong opening for the US markets with a strong Mastercard result (which is not surprising, as people's last resort of credit are the credit cards so people swapped whatever they could to cards - but that's a one-time event). More importantly, the European strategy group of Morgan Stanley made a bullish call on equities, which might have had an impact on the futures, since their calls are usually good - not on a timing today perspective. As we also expect a substantial rally soon that does make sense basically. More later during the day
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