Thursday, June 16, 2011

6/16/11 - EOD Update

EOD Update

This is turning into a potential descending triangle if the sell off is not complete. I've adjusted the expanded flat target to approx 1227 if the market so chooses to head in that direction.

3 min

The 3 min view to go along with the 60 min v1 count. I have 2 other 60 min options below.

60 Min v1

60 Min v2

60 Min v3

Bear Option

The bear count expects a wave 4 bounce possibly for a move to the 1290s, which would be approximately a 38% retracement of wave 3.

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