8/13/13 - EOD Update

Yesterday I mention there was a third option to consider should the market bounce. We'll there you have it, the triangle option. This is something to keep an eye on.

The red option is still in play and considered the primary unless the head is taken out. The alternate red option is also in play.

We'll see if the subwaves for wave d of the triangle play out some more. One thing I don't like about the triangle for a wave 4 is its size relative to wave 2 so I wouldn't be surprised if the triangle fails.

60 Min