Wednesday, January 27, 2016

1/27/16 - EOD Update

The market continues to chop up and down. Today the most bullish triple nested 1-2 option and nested 1-2 was invalidated.

The double zigzag is still intact with a slight adjustment. Wave -x is an expanded flat and it looks decent. Wave [a and [b both look like three wave structures and wave [c as the impulse down.

15 Min 

60 Min 
 Daily MACD is about to cross up so I still favor wave -y to come at the least.
Daily

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