Thursday, January 14, 2016

1/14/16 - AM Update

7:42 AM - Will see if a nice retrace occurs to get in.
7:42 AM - 5 Min 

7:30 AM - 5 points shy of 1.618* extension of wave {a red. Lets see if the bulls will step in here with a triple bottom.

The bears are looking to form wave {iv. 2019.39 is the wave {i or {a low so that has to be defended to keep the larger impulse count in play.

Positive divergence on 15 and 60 min intervals. Will look for a long trade setup here with today's low as the stop.

7:30 AM - 60 Min 

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