Wednesday, March 30, 2011

3/30/11 - EOD Update

EOD Update

SPX - 30 Min Primary

So far so good. The market continues to climb towards 1335 as anticipated.

Once again the market needs to hit 1335 minimum if it wants to qualify as a flat. And it certainly can climb higher as well to setup an expanded flat or running triangle.

At this point all those options are open. The market may also reverse course here too and still setup a triangle.

A Possible Roadmap

Here's a possible roadmap for where the market may head. We'll adapt as it progresses. So far so good though.

The other option is how to count this move up since 3/16 as a legitimate impulse up for minute[5] of Minor 5. This may be one way:

Minute [5] In Progress

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