Thursday, April 5, 2012

4/5/12 - EOD Update

Lots of options on the table and unfortunately since the market may be working on a wave 4 (degree debatable), we are seeing lots of chop.

Bulls need to rally in short order or we may be looking at some targets below near 1370 or 1340.

SPX - 5 Min
Do we have five waves down or just another wxy completed? Perhaps there is a bounce towards 1404-1411 first.

SPX - 60 Min Red Option
Wave 4 red is really hanging on by a thread.

Option 2
If Minor 4 is underway.

DJI with Minor 4 Underway
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