Tuesday, December 22, 2009

12/22 - ES Mini





This has been the count I have been following for the Mini. So far price continues to fill the wedge/Ending diagonal.

I like how Minor A of (Y) channels perfectly. As for Minor C of (Y), Intermediate 4 could be moved over to where I have it labeled as b (red) of 5, but I will leave it there for now unless a ghange is required.

By this count, we are very close. Either it is completing the final wave c of 5 of Minor C to complete it all or it is just wave a of 5 of Minor C.

As I said in the previous posts watch those converging trendlines. A thrust out of the lines should correspond with the tightening Bollinger Bands on the daily chart for SPX.

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