Monday, May 6, 2013

5/6/13 - EOD Update

It is very likely that all three count options have reached a terminus. Which option is in play, determines how far the market will pull back in the next few days.

Black sees wave iv at 1605 or so.

Blue and red sees a move back towards 1550 minimum.

I think black is still the one to watch but because it is also looking for a pullback, better to wait to see how the wave structure plays out.

60 Min 

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