Thursday, December 3, 2015

12/3/15 - AM Update

6:55 AM - The bulls are being challenged by a bearish five wave count down, however, it may just be a wave c of an expanded flat.

I have updated the bull count to reflect the expanded flat, which makes decent sense considering wave -a green looks like three waves and wave -b green also looks like three waves. We shall see.

The 200 day SMA is near 2065 so there maybe support here.

15 Min 
 However, on the 60 min chart below, a much larger flat could be in the works and if that is the case, wave c could target 2020 again.

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