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
Daily

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