11/7/12 - EOD Update

I posted this chart back on 10/23 and warned this is a count to consider. Here we are today.  Lets see what happens.

11/6/12

5 Min

Didn't get a chance to post the EOD Update last night.

11/2/12 - EOD Update

The market continues to make lower highs and lower lows but also appears to be wedging. If the bulls want a shot at the 1474 high, they need to get moving soon here.

SPX - 3 Min

Green and Orange moving right along. Wave (c) of ii orange is nearly 1.38 * wave (a) of ii.

SPX - 60 Min 

AAPL - 60 Min 

AAPL is extending lower. Note the 2.618* extension target.

AAPL - Weekly

The weekly shows that short term support may hold at 570 before a bounce. After that bounce, we'll have to see if it truly is a right shoulder before heading lower to 520.

Have a great weekend!

11/1/12 - EOD Update

60 Min 

Looks like we got our wave (iii) and (c) per both options. I do not have time to present a 5 min squiggle count but it certainly looks like either wave 4 of (iii) or (c) is in progress. Will keep an eye for a possible triangle up here.