Thursday, October 4, 2012

10/4/12 - EOD Update

As I posted yesterday, the market was going to let us know today whether green or purple was in play. Green has won out so far and continues to make higher highs and higher lows.

The best the purple option may turn into is a large flat. If that is the case, there is a possibility SPX will re-test the 9/26 low.

SPX - 15 Min 

SPX - 60 Min 
Looking for the completion of wave 5.

Need to keep an eye on AAPL to see if it is leading the markets down.

AAPL - 15 min 
A mini h/s playing out.
AAPL - 60 Min 
The larger h/s is still playing out. Need to keep an eye on it.

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