8:03 PM - 5 Min |
[EOD Update] - The bears are on the attack and the bulls have to defend 1926.03 or the bull counts will be invalidated on the 5 min chart. I have the bears working on a nested 1-2 down because the triangle everyone was watching today had wave a overlap into wave 1. So I think a more bearish count may be in order.
If the bulls do not step in here, 1900 would be the next logical level. This would set the neckline for a much larger H/S.
I will post the daily chart tomorrow or later on during the week. I am preparing some alternate counts.
5 Min |