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Tuesday, July 22, 2014

7/22/14 - AM Update

[10:30 AM] - Some squiggles. Three waves up so far off the dip.


10:30 AM - 1 Min 


[8:19 AM] - The internals of the tri. The only thing with this count (pink) is the fact that wave c is not very complex. Typically wave c or d is a complex wave structure in a triangle so we'll see.

8:19 AM - 5 Min 



[8:15 AM] - Forgot to mention should the top of the range here resists, a triangle may be in the works. Those who missed out on that dip may get another chance to buy it one more time.



8:15 AM



[7:53 AM] - Yesterday we looked for an opportunity to buy the dip. So far that has worked well. However, a few days ago, I mentioned there may be a trading between 1950-1980 to watch out for.

So far, the market is back up to the top of the range. Unless it clears it with conviction, we should be cautious here.


7:53 AM

Monday, July 21, 2014

7/21/14 - AM Update

[9:42 AM] - The squiggles at the moment offer better support for the blue count. We'll keep an eye on red though should there be one more leg down. However, I do not like the structure for wave v (red) and that is why I favor the blue.


9:42 AM



[7:20 AM] - This pullback may not be over yet. See the red label.

7:20 AM


[6:43 AM] - Time to dip in here?

6:34 AM

Saturday, July 19, 2014

7/19/14

That was a very bullish five wave rebound on Friday. On the 1min interval, looks like a decent shot at buying a pullback.

1 Min 

Friday, July 18, 2014

7/18/14 - AM Update

[9:51 AM] - If you need a squiggle count.


9:51 am


[9:41 AM] - More bullish five waves than I thought. Still waiting for a dip to buy.

9:41 AM



[8:21 AM]- Looks like a good potential long trade coming up should we see a decent little pull back within the Fibs.


8:21 AM

Monday, July 14, 2014

7/14/14 - EOD Update

The nested i-ii {i}-{ii} down for the red count I previously posted was ruled out. When that occurred, I posted the yellow count. So here are the near term options.