Wednesday, October 15, 2014

10/15/14 - AM Update

[10:09 AM] -  It would be remiss of me not to include the extended options in purple.

10:09 AM - 5 Min 


[10:04 AM] - Possible five waves here with an ED.


10:04 AM - 5 Min 


[6:54 AM] - Buyers coming in at 1850. This is also the level of the previous wave 4 triangle, which would be typical level of retracement for wave (4) per EW.

This may be the completion of the first zigzag of a larger complex correction. Won't be surprised though if we now trade in a range between 2015 - 1850 to complete wave (4).

6:56 AM - Daily


[6:19 AM] - Based on futures action, looks like wave -ii actually completed yesterday. We'll see where wave -iii lands.

6:19 AM - 5 Min 
Daily

1850 should be the next test.
blog comments powered by Disqus