Tuesday, January 27, 2015

1/27/15- EOD Update

Lots of chop again. As of last Fri, I was leaning slight bearish in anticipation of deeper wave E retracing in addition to the red count.

Its till anyone's game at this point. I continue to lean towards the bearish side for now though. The daily chart is looking for the completion of wave C of (4) for the bears.

I'd like to see the bulls take out 2060 first and ideally a new high above 2100. The bulls best case at the moment is an ending diagonal in the works (daily chart).

60 Min 

ES
Daily

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