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Wednesday, July 30, 2014

7/30/14 - AM Update

[8:35 AM] -  A good chance this could just be a simple a-b-c corrective. Watching to see if wave c turns into a falling wedge/ED.

However, the bears have a shot at a much larger third wave down that is winding up with some nested 1-2s targeting 1950. I won't give it as much weight though unless the lower trend line fails.

8:35 AM

Wednesday, July 23, 2014

7/23/14 - EOD Update

Hit the trendlines perfectly. So if that triangle is in play, should see it bounce out of there tomorrow AM, otherwise it may be targeting 1980 to form a flat. 


7/23/14 - AM Update

[11:50 AM] - A triangle?

11:50 AM

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