EOD Update
It's very rewarding to see a call play out almost to a tee.
Yesterday's 10 min chart (see update below) in the
EOD update was looking for a move to the upside with a 1266 target. Looks like the day's high was 1266.98.
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| 3 Min |
Very near term, I believe a 4th was put in by the close. I can certainly label this an x wave as well if this is the second leg of a wave d for the triangle scenario. Either way, both counts imply one more leg up.
Per this count, wave 5=1 at 1278 and .618*1 at 1271. Let's see if the market rallies a little bit on Monday.
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| 10 min |
Right on track.
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| Primary |
Again as you can see this primary count has several options so long as the market remains rangebound in a corrective fashion. The main count for the primary is that wave a of Y is in progress.
The sub-options are:
1. A wave d of a triangle
2. A wave b of a X for the zigzag down to 1200.
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| Alternate 1 |
I have bumped this count back to alternate 1. Should the market rally next week and break through the upper TL, this is one to consider in addition to the wave Y of the Primary above.
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| Daily |
Here's another view of the overall count and a wider view of how the proposed triangle option plays into the count.
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| Daily - Primary |
And just a little bit bigger picture. So my primary has a large flat playing out for Primary wave 2/B/X. However, I have left room for the fact that Primary 2/B/X may have completed at the 10/4 low.
The alternate 1 count above is how it should count from this low if in fact Primary 2/B/X is complete.
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| Alternate 2 |
This bear count is still alive but taking it's sweet ole time to materialize if that is what the market is intending to do.
