Thursday, July 31, 2014

7/31/14 - AM Update

[11:59 AM] - The bears in control here. Here is a red count option should this continue to extend.

11:59 AM

 [7:15 AM] - Here's the 60 min view.

7:15 AM

[6:50 AM] - Looks like that lil trade finally stopped out. I still don't see an impulsive count out of this but rather a double zigzag so far, at least that is the best count.

The market hit the 1950 level I was anticipating when I thought there may be a wave c lower if the lower trend line broke. Turns out to be a double zigzag instead. Anyway, will keep an eye out for a more bearish count if one is developing.

6:50 AM

Wednesday, July 30, 2014

7/30/14 - AM Update

[10:46 AM] - A possible wave to count five waves down for a wave c vs the ED.

10:46 AM

[8:35 AM] -  A good chance this could just be a simple a-b-c corrective. Watching to see if wave c turns into a falling wedge/ED.

However, the bears have a shot at a much larger third wave down that is winding up with some nested 1-2s targeting 1950. I won't give it as much weight though unless the lower trend line fails.

8:35 AM

Wednesday, July 23, 2014

7/23/14 - EOD Update

Hit the trendlines perfectly. So if that triangle is in play, should see it bounce out of there tomorrow AM, otherwise it may be targeting 1980 to form a flat. 

7/23/14 - AM Update

[11:50 AM] - A triangle?

11:50 AM

Tuesday, July 22, 2014

7/22/14 - AM Update

[10:30 AM] - Some squiggles. Three waves up so far off the dip.

10:30 AM - 1 Min 

[8:19 AM] - The internals of the tri. The only thing with this count (pink) is the fact that wave c is not very complex. Typically wave c or d is a complex wave structure in a triangle so we'll see.

8:19 AM - 5 Min 

[8:15 AM] - Forgot to mention should the top of the range here resists, a triangle may be in the works. Those who missed out on that dip may get another chance to buy it one more time.

8:15 AM

[7:53 AM] - Yesterday we looked for an opportunity to buy the dip. So far that has worked well. However, a few days ago, I mentioned there may be a trading between 1950-1980 to watch out for.

So far, the market is back up to the top of the range. Unless it clears it with conviction, we should be cautious here.

7:53 AM

Monday, July 21, 2014

7/21/14 - AM Update

[9:42 AM] - The squiggles at the moment offer better support for the blue count. We'll keep an eye on red though should there be one more leg down. However, I do not like the structure for wave v (red) and that is why I favor the blue.

9:42 AM

[7:20 AM] - This pullback may not be over yet. See the red label.

7:20 AM

[6:43 AM] - Time to dip in here?

6:34 AM

Saturday, July 19, 2014


That was a very bullish five wave rebound on Friday. On the 1min interval, looks like a decent shot at buying a pullback.

1 Min 

Friday, July 18, 2014

7/18/14 - AM Update

[9:51 AM] - If you need a squiggle count.

9:51 am

[9:41 AM] - More bullish five waves than I thought. Still waiting for a dip to buy.

9:41 AM

[8:21 AM]- Looks like a good potential long trade coming up should we see a decent little pull back within the Fibs.

8:21 AM

Monday, July 14, 2014

7/14/14 - EOD Update

The nested i-ii {i}-{ii} down for the red count I previously posted was ruled out. When that occurred, I posted the yellow count. So here are the near term options.

Friday, July 11, 2014

7/11/14 - AM Update

[10:09 AM] - No juice for the bears. The red count is not out yet and the bulls still need to make a new high but keep an eye on the yellow count.

10:08 AM

[6:46 AM] - Let's see if this red count has any juice.

6:46 AM

Thursday, July 10, 2014

7/10/14 - EOD Update

Haven't had an EOD post in a while.

I think I'll still give the bears a slight edge here.  A decent looking nested i-ii {i}-{ii} down may be in the works. Of course, all  the bulls need to do is make a new all time high and any bearish count with be invalidated.

5 Min 


7/10/14 - AM Update

[7:29 AM] - The bears should not get too excited just yet. Pay attention to the yellow count. This looks more proportional. I'll give the edge to the bears for now though, because the bulls need to prove this is only three waves down. The bears have the blue and red options.

7:29 AM

[7:13 AM] - Looks like five waves down. Not the most proportional though. I forgot to post a count options showing wave i down complete where I have wave iii and the wave iv as wave ii and today's drop as wave iii.

7:13 AM

Wednesday, July 9, 2014

7/9/14 - AM Update

[7:21 AM] - Four waves down now for the bears. Can they make five?

7:21 AM

Tuesday, July 8, 2014

7/8/14 - AM Update

[9:16 AM] - Here's a daily view with another variation.

Daily- 9:16 AM

[9:13 AM] - So far that ED is looking good. The bears have generated three waves so far. We'll see if they can make five waves down.
60 Min 

5 Min 

Monday, July 7, 2014

7/7/14 - AM Update

[10:45 AM] - Again, not much to add. If this ED is playing out, it cannot make a higher high above 1987.08 because wave v will be greater than wave iii.

10:45 AM

Tuesday, July 1, 2014

7/1/14 - AM Update

[7:40 AM] - Not much time lately. Here is something I was looking at potentially. We'll see if this is an ED or not.

7:40 AM