Monday, December 7, 2015

12/7/15 - AM Update

7:00 AM - In case you need a visual of the five waves. Here is the 1 min chart. Pretty clean.

7:00 AM -- 1 Min 

6:50 AM - Last week I was looking for five waves to complete on the rally.

The market extended a little bit higher so we'll see if this is wave {ii green playing out with today's dip.

The competing count is that wave {iii red is underway for wave -c red. I'm leaning towards buying the dip first since there is a triangular/consolidating pattern to this. Hopefully can get 50% retracement near 2070. We shall see.

6:50 AM - 60 Min 

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