[4:27 PM UPDATE]
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| ES |
ES sports a nice looking double zigzag. We'll see.
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| McClellan Oscillator |
A potential +ve divergence near term.
EOD Update
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| 5 Min |
The bounce off the low does not look exactly impulsive for the first part of the wave structure. I will have to lean towards the red option and assume the bulls will have to prove themselves above the higher Fib retrace targets.
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| 60 Min |
Will the bulls come back here or is the market setting up a 3 of 3 sell off even after backtesting the lower channel?
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| SPX - Daily |
Doji and bounce off the lower BB.
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| AAPL- 60 Min |
AAPL bulls managed to create an overlap so the bears best count now is a nested 1-2 down. Note the alt option in green, which is a larger double zigzag.
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| AAPL - Weekly |
The weekly may support the 3 of 3 event if the backtest of the lower TL of the wedge fails.
