Wednesday, September 17, 2014

9/17/14 - EOD Update

[8:28 PM] - Forgot to add my 1 min chart. Pretty decent five wave count with a wave v ED. We'll see if the channel holds or fails.

8:28 PM





[EOD Update]

Very interesting that the market is still stuck between the 1990 - 2000 range I pointed out a while ago.

On the 60 min chart below, I have a case for five completed waves or wave i of c of an ending diagonal. Please refer to the daily chart for context. 

The best policy over the past two weeks has been to stay nimble and trade the range until a decisive breakout / breakdown occurs. However, edge-wise, I still favor the bulls. 


60 Min 

Daily

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