Wednesday, October 2, 2013

10/2/14 - EOD Update

Looks like some chop is going on down below here. This could very well be forming a triangle for a potential wave (x) for the purple option.

The black option from yesterday was invalidated with the iv - i overlap so the best case now is a nested 1-2 up.

The red option remains in a potential nested 1-2 down.

I'd keep my eye on the purple option if the market continues to chop around. So far its a 2 of the three options posted here are looking for some more downside.

15 Min 

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