Unfortunately I thought I had published an update this AM. I must not have clicked the publish button. Anyway I don't have access to charts today but suffice it to say that options 1 and 2 are still in play. Option 3 is out as the way it is counted since there was a 4-1 overlap.
I'm leaning more towards option 2 in progress with minute [b] making it's way up. It is still two early to tell but some possibilities are that [b] retraces [a] 62% in a zigzag move up and one should start to think about a larger minor 4 triangle.
Should we see follow thru over the next week and [b] zigzags higher and retraces [a] by 90% then one should start think about a flat.
Pre Market
/ESLooks like futures held and gained some move overnight after I posted on this last night.
It is now well above the red channel and approaching the top of the first channel drawn over the past several days.
A break above may confirm a trend change, however, this may still only be a wave C.
The three options I'm following today were posted in last night's EOD Update #2.
/DXThe dollar has moved further away from the channel and currently sitting on its 50 day SMA. Will there be support there or is the dollar working on its 5th wave down to potentiall 74?
MACD histo has dipped slightly indicating a possible change but that can all change.
