Thursday, July 25, 2013

7/25/13 - EOD Update

Should be interesting tomorrow. A few short term options on the table.

Black is the primary at the moment. Five waves down off the 7/23 high with an abc bounce up to 62% retracment. If this is correct, I'd like to see some selling at the get go tomorrow or at least not too much higher.

Note the purple h/s played out and now the orange one poses a threat.

The blue option has the move off the 7/23 high as a double zigzag which completed today. The bulls stepped in an set up a potential nested 1-2 i-ii up. This option calls for a gap and go up tomorrow.

The red option is a little more bearish.

Hopefully everyone knows where all the invalidation levels are for each color option.

5 Min 

60 Min 

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