Wednesday, February 17, 2016

2/17/16 - EOD Update

The market continued to rally today and the move up so far looks impulsive. I don't have time to count the squiggles but sure looks like there are five waves there. Either that completes wave -c of {iv or just wave i of -c.

Something else to consider is a possible triangle in the works on the 60 in chart. If this is the case, expect some more chop to finish off wave c, d and e.

15 Min 

60 Min 

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