Tuesday, June 14, 2011

6/14/11 - EOD Update

EOD Update

The bigger picture is still intact. I still have a large triangle as the potential with the running flat as a serious contender. The expanded flat isn't too far behind either.

Below are two 60 min counts with the first being the most likely at the moment. The depth of the retrace of today's rally will be the tell.

60 Min
Watch this as the primary 60 min for now.

60 min

Bear

I continue to watch this count but as you recall, I mentioned that the longer the 3 of 3 down takes to occur, the least likely this count will come to full fruition.

It's not out yet but does not look too pretty.
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