Friday, May 27, 2016

5/27/16 - EOD Update

A pretty clear looking five wave structure off the 5/19 low now on the hourly. Looking for a wave (ii pullback to buy. Could also be a wave 'b' pullback for (B yellow too. We'll see. 

60 Min 

Thursday, May 26, 2016

5/26/16 - EOD Update

The wave structure off the 5/19/16 low is looking good as a potential impulse wave. Base on the primary count, I suspect wave [iv is underway. As I posted Tues, the bulls need to defend 2058.35. The next best alternate is a potential sideways move represented by the yellow count.

60 Min 
 Unless the bears take out 1810 we must assume that wave (5) is underway on the daily below.