Wednesday, June 18, 2014

6/18/14

The bulls and bears are still trying to figure this out. The best options I'm tracking.

Near term staying flexible within this 25 point range between 1950-1925.

Bull Count
 The option in yellow allows for a pullback near 1900 but a higher high would be expected afterwards.

ED
The ED option is still not out unless a new high is made above 1965.19. This is where wave v of 5 is greater than wave iii of 5, which is a rule violation for EDs. 

Triangle
The triangle, if correct, shows there is potentially more to go before the leg is complete. 
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