Wednesday, June 18, 2014

6/18/14

The bulls and bears are still trying to figure this out. The best options I'm tracking.

Near term staying flexible within this 25 point range between 1950-1925.

Bull Count
 The option in yellow allows for a pullback near 1900 but a higher high would be expected afterwards.

ED
The ED option is still not out unless a new high is made above 1965.19. This is where wave v of 5 is greater than wave iii of 5, which is a rule violation for EDs. 

Triangle
The triangle, if correct, shows there is potentially more to go before the leg is complete. 

Monday, June 16, 2014

6/16/14

The bulls are struggling to recapture the upper yellow trendline. Now there is a daily MACD cross down. I think the edge goes to the bears here since there are 2 of 3 count options favoring some downside. As always we'll see.


Friday, June 13, 2014

6/13/14 - EOD Update

The bull options:

1. A wave iii of 5 launches early next week, assuming wave ii of 5 is complete.
2. A wave iv of a larger ED challenges the lower yellow trendline first before launching higher.



The bear option:

The ED is complete and the market should flush early next week.


6/13/14

Bears captured the first trendline. Can they reject price on the backtest?

The bulls still have two options. A wave i of 5 or a wave iii of a larger ED.


Thursday, June 12, 2014

6/12/14

Been out of town. Backtesting the upper trendline. We'll see if it holds.

Daily

Those who believe in the ED wanna see the yellow trendlines fail.

ED

Friday, June 6, 2014

6/6/14 - AM Update

[11:29 AM] - For the bears counting on this ED count, SPX cannot pass 1965.19 or else wave v of 5 will be greater than iii of 5, which is a no-no for the ED per rules.

11:29 AM

Thursday, June 5, 2014

6/5/14 - AM Update

[8:01 AM] - A breakout of the triangle and now a backtest. We'll see if the tri holds or not. If not, near term this lil leg may be done.

8:01 AM

Wednesday, June 4, 2014

6/4/14 - AM Update

[7:55 AM] - A possible triangle forming.

7:55 AM

Tuesday, June 3, 2014

6/3/14 - EOD Update

Three ways I'm tracking this, with two of them allowing for the completion of this leg that started back on 9/2011.

Option 1: The yellow ED is still working itself out. Once wave iii is complete, we'll be looking for wave iv.

Option 1a: All five blue waves are complete since 9/2011. A variant of this would have wave 5=1 at 2079 and .618 at 1996.

Option 2: All five waves are complete with a wave 5 ED to boot since 9/2011.

Option 1 and 1a

Option 2