Wednesday, June 20, 2012

6/20/12 - EOD Update [7:02 PM Update]

[7:02 PM Update]

1 Min
Here is a 1 min view showing a very clean impulse off the wave wave iv mark on my 15 min chart below. if wave v is underway, we should see a gap and go tomorrow. Confirmation that it is a wave v would come with the breach of 1363.

If not, we'll keep an eye on that triangle.

EOD Update 

Around 11:20 AM PST today I tweeted that I would be looking out for a triangle. So far so good. The 15 min applies for both the bear and bull count.

One thing to keep in mind is the note I have on the 15 min calling for a truncated 5th. We'll see.

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