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Wednesday, January 20, 2016
1/20/16 - EOD Update
Some buyers came in or shorts covering the day. We'll see if this breaks up out of the falling wedge. The bounce could still be a wave iv and possibly dip once more lower for v. Doesn't have to tho so we'll see tomorrow.
If you believe in the daily yellow option below, a potential flat may be complete. Of course the caveat is that the other flat in blue has wave (c) = (a) at this point but 1.618*(a) = 1705ish so we'll be ready.
