5/24/12 - EOD Update

5 Min

Just gonna worry about the near term. So far a triangle appears to be forming. Clearly 1328 must hold to keep this pattern valid.

So tomorrow, per the count, the market either gaps and goes above the upper triangle TL and breaks thru 1328 or it will just sputter up to 1322-1325 before heading back down for wave d of the triangle.

Note the 1346 target above if wave iii/(c) is about to launch up tomorrow.