Tuesday, November 5, 2013

11/5/13 - AM Update

We'll see if the bulls maintain a higher low with this wave ii pullback.

5 Min - 11:11 AM




The bulls printed five waves (i) up. Lets see if there is another dip to buy for wave ii. Keep in mind that the bears still have two options on the table (black and red) if the bulls cannot break above 1768.

5 Min - 8:55 AM


Will the bulls step in here? A bounce so far on the blue trend line.

5 Min -  7:31 AM



Something the bulls need to start thinking about is this potential ascending triangle for a wave B (red).

5 Min 6:49 AM


Looks like the market may be setting up for a flat for wave 2. Obviously the low on 11/1 has to hold.

5 Min - 6:18 AM

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