Friday, October 31, 2014

10/31/14 - AM Update

[8:55 AM] - Breakdown out of the little ED. We'll see.

8:55 AM - 5 Min 

[7:32 AM] - Taking a stab short here. Why not. *Corrected the blue labels for another extension option.

7:32 -5 Min 

[7:08 AM] - We'll see if it tries to tag 2019ish.

7:08 AM - 5 Min

[5:30 AM-Pre Market] - As I posted yesterday, the market is most likely extending and may shoot for 2010-2020 before a larger pullback. So far ES is backing that assertion.

5:30 AM - ES

Thursday, October 30, 2014

10/30/14 - EOD Update

2:36 PM: Here is a look at ES with an extended fifth.


EOD Update: As I posted yesterday, if the bears failed to break 1968, I wouldn't be surprised if the market continues to track up the channel, which it is now doing.  I am also looking at additional extension potentials, the new green alternate and a new potential triangle.

The market may not give those waiting to buy the right shoulder a chance either. It has pushed thru all the near term pivot points and may just challenge 2010-2020 before a larger pullback so we'll have to see.

5 Min 
60 Min

10/30/14 - AM Update

[10:59 AM] - I remove the wave [b bounce as an option. Earlier I tweeted the possibility of a nested 1-2 and yesterday the possibility of the market just climbing up the channel. So far this appears to be the case. The market may be extending here.

10:59 AM - 5 Min 

[7:43 AM] -  Possible triangle wave [b
7:43 AM - 1 Min

[6:55 AM] - Possible rising wedge for wave [b.

6:55 AM - 1 Min 

Wednesday, October 29, 2014

10/29/14 - EOD Update

EOD Update :  Did the market finally complete five waves up? Will a right shoulder form and if so, where will it terminate within the 1925-1975 zone?

The 50 DMA may be a good target. It also corresponds with wave [c = [a.

Let's see if the bears can break 1968 because if they don't, I won't be surprised if the wave extends and tracks up the channel.

5 Min 

60 Min 

10/29/14 - AM Update

[12:23 PM] - Keepin an eye out for a potential wave [b tri.

12:23 PM - 5 Min 

[11:45 AM] - We'll see if there will be a wave [c down. Bulls may respect the middle of the channel.

11:45 AM - 5 Min 

[7:53 AM] - We'll see if it is corrective (wxy) or a start of a new impulse (1,2,3...) down. y=w at 1981
7:53 AM - 1 Min 

[7:14 AM] - We will see where this really goes in about 4 hrs.

7:14 AM