Thursday, April 28, 2016

4/28/16 - EOD Update

Looks like we got our wave (c. Is it complete or do we see a further downside for (c or a wave (iii?

60 Min 

Tuesday, April 26, 2016

4/26/16 - EOD Update

We'll see...

60 Min



Wednesday, April 13, 2016

4/13/16 - EOD Update

Didn't get a chance to post the bullish triangle alternative but with the new high, that triangle has been confirmed. I ate my shorts but still feel the blue count is still the primary. The blue count calls for a five wave move off the 2/11/16 low. The question is when will it complete.


60 Min

Monday, April 11, 2016

4/11/16 - EOD Update

Not much action since my last tweet.
I still think the primary count is in blue. The chop since looks like a triangle (not quite) but all the same represents a wave (b. So lets see if we get wave (c down targeting the h/s target, which is near the 50 SMA.

60 Min 

Wednesday, April 6, 2016

4/6/16 - AM Update

6:48 AM- Though I mentioned the possiblity of five completed waves yesterday on the short term count, this is how it may apply. Five waves down to complete a wave C of a flat.

6:48 AM - 5 Min 

Tuesday, April 5, 2016

4/5/16 - EOD Update

Evidence continues to build in favor of the blue count on the 60 min chart. Price is out of the wedge so we'll see if this continues to move lower.

Lower time frames indicates five small waves down.
60 Min 

Daily

Monday, April 4, 2016

4/4/16 - EOD Update

Blue has enough for five complete waves. Orange is still working on wave (iii. Watching the wedging pattern too.

60 Min 

Friday, April 1, 2016

4/1/16 - EOD Update

Looks like the market did indeed bounce and worked on completing wave {v. The squiggles are too tiny to label but there may just be a teenie tiny bit left. Based on the blue count, its pretty close if not close enough to consider the count complete.

The next best alternate is the orange count. This implies that wave (iii of {c is in progress.

60 Min 

4/1/16 - AM Update

Testing the lower limit for a 4-1 overlap for the final wave {v. Lets see if the market bounces from here to make one more lil wave higher to complete five of {v. That is near term.

On a lil bigger picture, the daily shows an island reversal back below the upper trendline of the channel coupled with a daily MACD cross down.

We'll see which MA the market is headed for. The 50 MA would be a good place if the move off the 2/11/16 low is a complete five waves.



6:45 AM - 60 Min 

Daily