Monday, February 1, 2016

2/1/16 - EOD Update

The market dipped to 1920 early this AM. Over the weekend I posted that I was hoping to buy the wave [b dip near 1920 and better yet near 1910. The market didn't give me 1910 so I initially missed the boat.

After today's action, I think wave [a actually completed so there may still be a chance to get in on wave [b.  ES action tonight may be suggesting the same. We shall see tomorrow.

15 Min

60 Min
On the hourly, the market found some resistance on the underside of the blue trendline. It was also just say of the gap fill at 1950.
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