Wednesday, December 21, 2016

12/21/16 - EOD Update; SPX and TSLA

Still not much to add with the SPX ED. If the purple one is in play, wave 5 has thrown-over. If the blue ED is in play, wave iii is nearing the upper trendline. Something to note is the fact that the subwaves for wave 5 or iii looks impulsive at the moment. Subwaves within EDs are three wave structures so this may imply a little dip first and then one more leg higher.

SPX - Daily
 I don't post counts on individual shares often, but I've been watching TSLA and the bounce off double bottom sure looks impulsive.
TSLA - 60 Min

blog comments powered by Disqus