Tuesday, February 9, 2016

2/9/16 - AM Update

7:30 AM - The market took out 1870 last week and as I posted odds would favor a wave {v down.  I did mention that I didn't like the wave structure from 2/1 down though to support an impulse. If this truly is wave {v down, it is now working (or completed) on its 4th wave. It just needs to poke a lil lower than 1812 to be considered complete.

The wave structure still remains very choppy and still poses several options. Two of those still leave room for a wave {iv in progress. Either in a flat with wave -c up to come or in a triangle, again with wave -c to come.

Going back to

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