Monday, June 4, 2012

6/4/12 - EOD Update

The primary count is that a wave iv of 5 bounce is underway for either the bear or bull option.

The 15 min chart at the bottom suggests that wave 4 is not complete yet and may be working on an expanded flat.

Bulls want to break 1298.90 near term to suggest that either the alternate expanded flat count is in play or wave [C] per the bull option below is most likely complete.

60 Min Bear

60 Min Bull

15 Min Alternate
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