Thursday, April 30, 2015

4/30/15 - EOD Update

[9:47 PM Update] - Is it possible the RUT has completed five wave move and ending diagonal?


[EOD Update] - Yesterday I tweeted the following:

 So far so good. Now was today's move the beginning of a sell in May event or just a fake-out?

The market found support at the lower TL so TBD.

60 Min 

 Bollinger bands starting to compress and a triple -ve divergence. Possible double top? Hmm..

The daily chart shows how the 60 min triangle fits in to the bigger picture. It would conclude a wave C triangle in what would be a combo corrective (Green A-B-C).

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