Tuesday, June 12, 2012

6/12/12 - EOD Update

As posted yesterday, "The green option says a gap and go up is coming once the wave 2 pullback is complete. The red option implies the same thing."

I believe the wave 2 pullback is complete so the call is for a gap and go tomorrow. This would coincide with the break out of the inverted h/s neckline near 1335. 

The 10 min chart below highlights the pink option, which is an alternate should a pop occur tomorrow but a rejection occurs at 1335. 

The bull chart below shows one other alternate as well if 1335 rejects the market's attempt to climb higher. 

We'll see. 

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