Tuesday, May 1, 2012

EOD Update

Yesterday I provided a 5 min alternate chart, which played out today. With that final move high, I made some slight adjustments to the color coordinated options below on the 30 min chart.
SPX 10 Min
Note the potentially bullish nested 1-2 i-ii setup.

SPX 30 Min
I think I like the flat scenario the best at the moment since the DJI may be hinting at the same. Granted DJI may be setting up an expanded flat since it posted a new high over the 4/2 high.

We'll have to keep watch though because the bullish SPX counts also may to DJI.

SPX - Minor 4 Flat 
 This corresponds with the black option on the 30 min chart above.

DJI posted a new high over 4/2.
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