Friday, November 25, 2011

11/25/11 - EOD Update

Nothing new to add from Wednesday's EOD Update. The market still appears to be targeting the 1157-1153 zone.

Let's see what next week brings.

Primary - 60 min
The H and S target and Fib extension is still at 1153.

Options for the Primary

Notice the red Fibonacci retracement levels above. These are based on the assumption that this move completes at 1155, the general area I believe the market is heading to.

Alternate 1
This count continues to extend. I'll take a look at the overall wave count over the weekend and see if there are 11 waves down vs 13 of wave 2 red.

Have a great weekend!
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