Tuesday, April 29, 2014

4/29/14 - EOD Update

I don't really like the squiggle options so I'm only gonna post the daily chart for now until there is more clarity. Because of all the chop, an ending diagonal scenario (yellow) for wave 5 blue may be more likely vs a standard impulse wave off the wave 4 running flat scenario (blue).

As I posted the other day, 1850 was relevant. So far the bulls have closed it over along with the with closing it over the 50 day SMA.


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