Thursday, October 30, 2014

10/30/14 - EOD Update

2:36 PM: Here is a look at ES with an extended fifth.


EOD Update: As I posted yesterday, if the bears failed to break 1968, I wouldn't be surprised if the market continues to track up the channel, which it is now doing.  I am also looking at additional extension potentials, the new green alternate and a new potential triangle.

The market may not give those waiting to buy the right shoulder a chance either. It has pushed thru all the near term pivot points and may just challenge 2010-2020 before a larger pullback so we'll have to see.

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