Monday, March 28, 2016

3/28/16 - AM Update

Not much to add since the last update. So far out of the wedge and a rejection at the upper purple trendline.

Orange is the primary count with blue the alternate still in play. The purple option is the least likely option but still viable.

7:00 AM - 60 Min 

Wednesday, March 23, 2016

3/23/16 - AM Update

Looks like all the waves are there for the options posted. So far out of the wedge as well. We shall see.

6:45 AM - 60 Min

Friday, March 18, 2016

3/18/16 - AM Update

No change. Just a slight change to the upper trendline for the ED.

60 Min 

Near the top of the channel at approx 2059.

Wednesday, March 16, 2016

3/16/16 - EOD Update

A few options up here:

Orange - Waiting for [v to complete either as an extended wave or possible ED.
Blue - Waiting for {iii to complete so {iv can start.
Purple - A larger ED for {c of -y
60 Min 

Friday, March 11, 2016

3/11/16 - EOD Update

The market launched wave [5 today for wave {c of -y. Looks complete but we'll see if there are a few more subwaves to go. Perhaps a tag of the open gap (double dotted green line).

Something to consider on the blue count of the daily chart below, the possiblity that wave (4) completed. If that is the case,  I have added the subwaves on the 60 min chart below.

The bulls would have to hold the wave i high and form five waves up. So far only three so far, which also corresponds with my orange wave{c.

Lets see what happens over the next couple of weeks.

60 Min

Thursday, March 10, 2016

3/10/16 - EOD Update

Chopped up like a wave 4 so we'll go with wave [iv complete today. Until a new high is made over 2009.16, 1962.96 is still a level to watch as well. 

60 Min

Tuesday, March 8, 2016

3/8/16 - EOD Update

Wave [iii looks like it may be complete or possibly all five waves for {c of -y. 1962.96 is the line in the sand for the bulls to defend to prevent a wave [iv overlap into [i.

The pattern still has a rising wedge look to it.

60 Min 

Thursday, March 3, 2016

3/3/16 - AM Update

Keeping the ED in progress on the radar. That count option is in purple.

6:42 - 60 Min 

Wednesday, March 2, 2016

3/2/16 - EOD Update

Wave [iii of {c for orange in progress. If not,  I have revised the red count to reflect a possible throw-over for wave [v of {c of -y.

60 Min 

Tuesday, March 1, 2016

3/1/16 - EOD Update

The assumption that wave [ii was underway was the correct one. However, we must not ignore the potential rising wedge. I have labeled that as an ending diagonal with the red count.

60 Min