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
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