Monday, May 5, 2014

5/5/14 - EOD Update

Still too much chop for me. I have adjusted my yellow count (5min) from last week. 

The market is wedging at different degrees and given all the chop, this is something that I will favor until the market can break out of the two month range. 

5 Min 

60 Min 
Either wave v of (5) of 5 is completing or a larger wave b (red) of a wave 4 flat. 
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