Tuesday, October 7, 2014

10/7/14 - Pre Market

[11:09 AM] - Two ways to count this. If this were a wave 4 triangle, technically wave a of the tri has overlapped into wave 1, however, I've heard other people mention that the terminus of the triangle is where it counts.

11:09 AM - 1 Min 

[7:44 AM] - I was obviously early yesterday. Here is the latest. Right near 62% retracement. Let's see if the bulls can take out 1960.

7:44 AM - 5Min 

[Pre-Market] - Looks like /es was down almost 12 points overnight and has since recovered 10 of those points off the low. Based on the wave structure for /es, it appears would need one more dip lower but we'll see what the next hour brings.

Either we get that gap and go higher at the open, or we look for that last wave c leg down (cash) before the bounce.

/es - 5:35 AM - 60 Min 

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