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

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