Tuesday, May 13, 2014

5/13/14 - EOD Update

The market cracked 1900 after completing what appears to be fives waves for wave -i of c of iii for the yellow ED I'm tracking. I'm looking for a wave {c of -ii down starting tomorrow, which may test 1888ish near the descending trend line (60 min). Ultimately looking for  wave iii of the ED to target the upper trend line near 1920.

What the bulls must be mindful of is a potential double top (4/4/14 and today).

5 Min 

60 Min 

blog comments powered by Disqus