Monday, April 4, 2011

4/4/11 - EOD Update [9:00 PM Update]

[9:00 PM Update]

Just some more random counts and thoughts.

This supports the primary count that a large flat is playing out.

SPX - 15 min

Here's a take on the impulse up.

SPX - 10 Min Wave b Triangle

Something to think about if the so called triangle turns into a triangle b wave and a wave c down follows towards 1320ish.

RUT - Weekly

A target of 864ish?

RUT - 60 Min

EOD Update

I'm having problems with my charting tools tonight so all I have for now is the daily charts. My primary count still has a minute [4] flat in the works with the following options:

1. The flat is part of Minor 4 vs minute [4]
2. Minute [5] in progress or Minor 5 in progress

I believe there is still so room for a little more upside here for (b) of 4 since it appears a triangle may be forming up top. One thing to keep in mind is the potential that this triangle may be the b leg of a larger three wave drop to come.

SPX -Daily Primary

SPX -Daily Option 2

blog comments powered by Disqus