7/2/13 - EOD Update

Still a few options to go with very short term. I still like this potential blue triangle however, the uncertainties with Egypt certainly will add to the volatility and hence several short term options.

Looks like wave d began into the close.

15 Min 

60 Min 

The hourly is sporting a - divergence and confirmed sell signal, however, the blue triangle looks pretty clear on the hrly.

7/2/13 - AM Update

[X] and B looking good as similar pointed out earlier today.

60 Min - 11:14 AM

Uncertainty. Could e of (b) blue be complete or is it just wave c of (b) blue?

Or wave c of 2 purple is on its way down.

15 Min - 10:54 AM

Added the purple option. Probably shouldn't ignore the -ve hrly MACD divergence.

15 Min - 7:58 AM

Potential similar wave structures with [X] and B completing as EDs. Note the hourly - divergence as well.

1634 is also the 78% retracement of wave A of [Y].

60 Min - 7:25 AM

Keeping an eye on the potential ascending tri now too if 2 green does not play out.

15 Min - 7:18 AM

7/1/13 - EOD Update

I think the expanded flat for wave 2 might be a good possibility. Wave b of the flat extended 1.38*a and then reversed.

The previous green option was ruled out since wave iv overlapped into wave i. So the best option for the more bullish green option now is a nested i-ii {i}-{ii}. I'm not too sure about that tho.

I'd like to see a wave c of 2 retrace down to approx 1593-1585 sometime tomorrow. We'll see.

15 Min 

Daily Bollinger Bands

Shooting star on the daily candle stick after failing to regain the 20 day SMA.

7/1/13- AM Update

I  updated the green option labels to an "a-b" flat. If this is the correct option playing out, I would for a max wave b extension to 1627. If > 1627, I'd say the green option is in progress. 

15 Min - 6:59 AM