Thursday, March 29, 2012

3/29/12 - EOD Update

So far the various options I have presented are still in play.

SPX - 60 Min 
The ED is still alive and I made a slight adjustment to it.

SPX - 5 Min - Bear 

Some options here if one is looking for a bigger move to the down side.

1. Working on a nested 1-2 i-ii down. This option is looking less likely since wave ii is about to retrace back beyond wave i.

2. Wave (a) completed and today's EOD rally completed wave c of (b) of an expanded flat. If wave (b) is complete, a final wave (c) down is to come.

2. Five waves down completed at today's low and the EOD bounce is working on a wave 2/b retrace.

SPX - Daily

The trend so far is still holding.
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