Friday, March 20, 2015

3/20/15 - EOD Update

The bulls came roaring back on Fed day keeping the ED count alive.

The bull count has wave (iii) of 5 towards the upper trendline (near 2150 currently). So far there are three waves of (iii). Wave iv of (iii) should be up next and must hold above 2066.31

The bear count is not out yet but certainly in danger. So far the bounce off the 3/12 low is three waves. The bear count is out above the 2119.59 high.

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