Tuesday, April 21, 2015

4/21/15 - EOD Update

Since the market refuses to go down, we must continue to respect the large triangle that is forming, even though I tweeted earlier this AM that I was suspicious of it.

I added another possible bullish count to the daily chart below. The count is in green and it represents a large combo corrective. The triangle in this count is represented by wave C.

The bearish counts I have are not out yet though so we'll just have to keep watching it.

60 Min 

Daily

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