Thursday, December 3, 2015

12/3/15 - EOD Update

The long trade today for the quick bounce was short lived. As I posted earlier in today's AM Update there was a potential for a larger flat in the works on the 60 min chart. I have updated the chart below to highlight that count.

The flat for the 15 min count is not out yet. On the 60 min chart below it is represented by wave -ii blue. That option is out if price drops below the wave ii green or wave -a blue low. That level is 2019.39.
60 Min 
The daily chart below could truly disappoint the bears should it play out as a large H/S or excite the bears with a rounding top.

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