Friday, October 2, 2015

10/2/15 - EOD Update

Short term not quite a flat as previously speculated but more like a double zigzag. Pretty much the same result.

The corrective wave structure is now approaching 62% retracement.

5 Min 
To throw a wrench into the shorter term view is the 60 min chart. The larger flat still looks very viable along with the double bottom formation.

The bulls closed it above the 20 day SMA. Is the 50 SMA the next target at 2000?

60 Min 

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