Tuesday, May 5, 2015

5/5/15 - EOD Update

I don't know. This move is really becoming suspect. As much as that triangle is still in play the market is testing the lower trendline once again.

Triple -ve daily divergence on SPX and the RUT still looks like its move is done. We'll see.
60 Min 

Bollinger Bands

Daily
RUT

Thursday, April 30, 2015

4/30/15 - EOD Update

[9:47 PM Update] - Is it possible the RUT has completed five wave move and ending diagonal?

RUT



[EOD Update] - Yesterday I tweeted the following:

 So far so good. Now was today's move the beginning of a sell in May event or just a fake-out?

The market found support at the lower TL so TBD.

60 Min 

Daily
 Bollinger bands starting to compress and a triple -ve divergence. Possible double top? Hmm..

Daily
The daily chart shows how the 60 min triangle fits in to the bigger picture. It would conclude a wave C triangle in what would be a combo corrective (Green A-B-C).