Monday, June 27, 2016

6/27/16 - EOD Update

Took another small long position today but was pretty early. Waiting to see the market's behavior around the 200 SMA here the next few days.

I updated the 60 min chart here since we now have what is clearly the wave C I have been tracking. The second option is in blue and a w-x-y may be nearing completion.

60 Min

Thursday, June 16, 2016

6/16/16 - EOD Update

This bounce may have some legs with the bullish divergence on the 60 min chart. I took a small long position for a trade to either take advantage of a wave (b bounce to 209x or the beginning of something more bullish with a wave {iii blue up. Not holding my breath for the later at the moment but won't ignore it either.

60 Min