Sunday, September 21, 2014

9/21/14 -

ES is down 10+ so far tonight. Looks like that wave iii or c should be in the works. 

Here are the extension targets. I'll be watching the 2000-1995 levels first. 

Friday, September 19, 2014

9/19/14 - EOD Update

[8:14 PM] - After looking at my long term chart again, I think today's ATH may have completed wave iii of  the ED I have been tracking on the daily chart.

However, if the bulls show up and blast this higher, I have an extended wave 5 of [3] count to present. Won't do it unless the ED fails.

8;14 PM - Daily

[EOD Update] - I may have missed an opportunity to score some points to the downside for next week. Based on my 1 min chart, I'm expecting a wave iii or c down.

That downside may be limited based on the more bullish count on the 60 min chart.

However, I'm keeping an eye on the daily count, which has an ending diagonal in the works.

Have a great weekend.

1 Min 

60 Min 


9/19/14 - AM Update

[7:01 AM] - Another bullish option in yellow.

7:01 AM - 60 Min 

[6:58 AM] - We'll see what it does at the trendline, which is also at 2020.

6:58 AM - 60 Min 

[6:52 AM] - Looks like a good triangle breakout. Target is ~ 2020.

6:52 AM -  1 Min 

Thursday, September 18, 2014

9/18/14 - AM Update

[11:28 AM] - Another view of this structure to incorporate the ascending triangle.

11:28 AM - 1 Min 

[7:58 AM] - Looking for a potential ED up here. It may still be working on wave {iii so we'll see how this plays out.

7:58 AM - 1 Min 

Wednesday, September 17, 2014

9/17/14 - EOD Update

[8:28 PM] - Forgot to add my 1 min chart. Pretty decent five wave count with a wave v ED. We'll see if the channel holds or fails.

8:28 PM

[EOD Update]

Very interesting that the market is still stuck between the 1990 - 2000 range I pointed out a while ago.

On the 60 min chart below, I have a case for five completed waves or wave i of c of an ending diagonal. Please refer to the daily chart for context. 

The best policy over the past two weeks has been to stay nimble and trade the range until a decisive breakout / breakdown occurs. However, edge-wise, I still favor the bulls. 

60 Min