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| 115 min - 12:01 PM |
Wave iv of the ED is complete.
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| 15 min - 11:14 AM |
The market may be building a wave {b} triangle. We'll see.
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| 3 Min - 8:25 AM |
I previously tweeted five tiny waves up on the 1min about 10 mins ago. However, after a small pullback, the mkt pushed once more higher before reversing, resulting in 7 waves up. Lets see if there will be another leg down to hit the lower trend line.
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| 3 Min - 7:50 AM |
There's the small dip as called in yesterday's EOD Update. Note the blue wave {iv} into {i} violation.
I mentioned yesterday that this would make the blue count suspect and that the ED would become more likely. Otherwise the bulls now have a quadruple nested 1-2 i-ii. That would mean a seriously 3 of 3 explosion that would extend for a bit. How likely will that be?
Lets see if there is one more little dip here to touch the lower red trend line. Doesn't have to though.
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| 15 Min - 7:28 AM |
