Sunday, January 10, 2016

Been a while since my last update but the larger picture is still developing. Since my last post, I mentioned that the triangle made the most sense. So far the market is approaching the lower end of the trendline.

Note the alternate yellow count I have had for some time now is also still in play and would result in a flat that retests the 1850s.
Daily
The 60 Min below just highlights the potential subwave options for either wave (c) of the triangle above or wave (y) orange.
60 Min