Friday, November 28, 2014

11/28/14 - AM Update

7:55 AM - May be the only update from me today. Two options:

1. Wave :v completed after the triangle.
2. A wave :v ending diagonal in play.


7:55 AM - 5 Min 

Wednesday, November 26, 2014

11/26/14 - AM Update

7:10 AM - Good chance just a wave :iv triangle.

7:10 AM - 5 Min 

Tuesday, November 25, 2014

11/25/14 - EOD Update

Hard to say. I was looking for the market to tag 2070-2075, which it did and then reversed. Blue and red say it should go down especially if the channel breaks. However, yellow says don't get suckered if it pulls back to 2057 only to launch higher in a wave +iii or [iii.

5 Min 

11/25/14 - AM Update

8:00 AM - Looks like the market has reversed course after tagging the mid channel where I have wave :v labeled. We'll see if the blue count is correct.


Monday, November 24, 2014

11/24/14 - EOD Update

The bias is up. We'll see if it tags 2075 or double tops at 2070.

11/24/14 - AM Update

7:29 AM - Three options for this structure. Blue, yellow & gray.

7:29 AM - 1 Min 


7:10 AM - This chop will be key. Is it part of a running flat as labeled or does it set up the wave to extend higher beyond 2075?

7:10 AM - 1 Min


6:30 AM - Blue or yellow.

6:30 AM  - 5 Min 

Friday, November 21, 2014

11/21/14 - AM Update

7:46 AM - Let's see if wave :iv is wrapping up.

7:46 AM - 5 Min 


7:08 AM - Another way to count the tri is in yellow. If this is the case, may already have five small waves up and out.

7:08 AM - 5 Min 
A close up

7:11 AM - 5 Min 



7:02 AM - If we just focus on this triangle this is what may be expected.  A push to 2075 in five waves. We'll see.

7:02 AM - 5 Min 

Thursday, November 20, 2014

11/20/14 - EOD Update

Just watching the daily MACD now at this point. If a pullback to the 50 DMA does not occur first on the cross, this may just stair-step higher towards the upper end of the channel, which is currently at 2125.

Daily

11/20/14 - AM Update

[11:44 AM] - Just to give some bear love if this tri does not pan out or is on its last leg.

11:44 AM - 1 Min 



[7:21 AM] - Bounced right on the money on the lower TL. Have to assume the triangle until proven otherwise.

7:21 AM  - 5 Min 


[5:42 AM] - We'll see if I can follow the market today. It has been a challenge to count the squiggles as this extends higher. Additionally, another larger triangle may be taking shape. Even with futures down, I'll be keeping an eye on the lower trendline of this potentially larger triangle.

5:42 AM -  5 Min 

Monday, November 17, 2014

11/17/14 - EOD Update

I didn't care to follow the market today (had mtgs anyway). Looks like it is still trying to consolidate sideways here. If it hasn't already completed some other type of combo corrective, I think there may still be a lil triangle to complete wave y.

I would like to see an end to this leg up tho so I remain neutral because a quick sell off can always come thru if the bulls don't jump back in here to push this out of the range.


Friday, November 14, 2014

11/14/14 - PM Update

12:14 PM: Not much to add here. This looks like a sideways combo corrective wave so will have to guess the bias is up until proven otherwise.

5 Min 

Thursday, November 13, 2014

11/13/14 - AM Update

10:52 AM- Bears must defend 2035.63 or else of the nested 1-2 down fails as well and odds greatly decrease.

10;52 AM - 1 Min 


10:39 AM - Looking good so far.


10:39 AM - 1 Min 

10:10 AM - The H/S potential.

10:10 AM - 1 Min 


9:47 AM - 4-1 overlap so the best case for the bears is a nested 1-2.
9:47 AM - 1 Min 



8:45 AM - Pure speculation on how I would like to see this play out for a short.

8:45 AM - 5 Min 


8:37 AM - There is hope for the bears.  A break back below the tri would be promising.
8:37 AM - 1 Min 


6:51 AM - Nothing to say for the bears. Looks like that triangle is playing out. Can only keep an eye on that green channel. So far it is bouncing off the lower end.

6:51 AM - 5 Min 

Wednesday, November 12, 2014

11/12/14 - AM Update

11:39 AM - Could be a w-x-y in the works but also a potential triangle. Not sure how the tri fits into the count tho.

11:39 AM - 5 Min 

Tuesday, November 11, 2014

11/11/14- EOD Update

Nothing to add. Still wedging. The ED invalidation point is 2042.92. 


5 Min 

11/11/14 - AM Update

12:22 PM - We'll see if the triangle is playing out for one more leg down.

12:22 PM - 1 Min 


9:50 AM -  Looking pretty good. Some extension targets if we get that wave [iii or [c.

9:50 AM - 1 Min 


9:21 AM - There you go. Five waves down. We'll see.

9:21 AM - 1 Min 



8:57 AM- So far looks good. Lets see if there is a wave [ii or [b setting up after the fifth (-v) completes. Maybe a little short play for once. We'll see.

Don't forget, this is a 1 min chart!!

8:57 AM  - 1 Min 




8:29 AM - Limited posts today if any due to the Veteran's Holiday. Thank you to all our service members for serving.

Very convoluted up here but this is one piece that I can make sense of at the moment. Not sure how it fits in to the bigger picture. We'll see.

8:29 AM  - 1 Min 

Monday, November 10, 2014

11/10/14 - EOD Update

What can I say. This puppy is chopping its way up. I moved the wave :v max target up to 2042.92.

We'll see.

1 Min 

5 Min 

11/10/14 - AM Update

7:36 AM- The lil tri forming here may be indicating one more poke higher. We'll see.

7:36 AM  - 1 Min


7:17 AM - We'll see if this 'ED' is complete or there may be one more poke. However, if 2041.48 is breached, it is most likely not an ED.


7:17 AM  -  1 Min 

Friday, November 7, 2014

11/7/14 - EOD Update

As I posted over a week ago, I was suspecting that the market would continue to track up the channel and not let in any dip buyers.

The 5 min chart is tracking five waves up to potentially complete wave 5 of (3) on the daily chart near the upper end of the channel. If this is the case, the bears must take out the 10/13/14 low at 1820.66 or else we could expect and extended wave 5 of (3).

5 Min 

Daily

Weekly

11/7/14 - AM Update

8:08 AM -  Let's see if this completes five waves for the ED. Wave :v cannot exceed 2041.48 or it will be > wave :iii.

Taking a short trade.

8:08 AM - 1 AM


6:54 AM - Ok. Do we get wave :iv or does it break down?

6:54 AM - 1 Min 

5:27 AM - We'll see ES provides any guidance after announcement of the jobs report.

5:27 AM - ES

Thursday, November 6, 2014

11/6/14 - EOD Update

I presented this potential ED earlier today. We'll see if this is playing out. Wave :iii of the ED cannot exceed 2038.4x or it will be greater than :i.

5 Min 

11/6/14 - AM Update

10:47 AM- Cleaned up the squiggles and will now be looking at this potential ED.

10:47 AM - 5 Min 


6:58 AM - Still in the range as mentioned earlier in the week. Could just be the completion of wave [b too.

6:58 AM - 5 Min 

Wednesday, November 5, 2014

11/5/14 - AM Update

11:59 PM- Prepare for a possible combo corrective here, i.e. wave [c turning into a triangle before resuming higher.

11:59 AM - 5 Min 



10:40 AM- Truncated fifth? We'll see but don't forget about the range.

10:40 AM - 1 Min 


9:48 AM- Lets see if there is an ED in that green count.

9:48 AM - 1 Min 


7:33 AM - Let's see.
7:33 AM - 5 Min 



6:38 AM - Sorry, wanted the chart to reflect what I mentioned in yesterday's AM and EOD post trading in a range between 2000-2020.

6:38 AM  - 1 Min 



6:29 AM - With the overnight rise in futures, here is an adjustment to the counts.

6:29 AM - 1 Min