Wednesday, January 7, 2015

1/7/15 - EOD Update

2:10 PM  Update - Added the 1 min squiggle breakdown. There are three options on this chart.

1 Min 

EOD Update -  Da bulls stepped in at 2k and the 100 DMA. So far the squiggles count best as a double zigzag that requires one more wave [c push towards the 2042-2054 area.

The bulls best count is a triple nested 1-2. Hmm. That's a lil suspect but in this volatile market, anything is possible. As I posted yesterday, we should be looking to identify a range. Possibly a good chance it chops around the 2k-2100 level. 

ES - 5 Min 

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