10/2/14 - EOD Updated

I wonder if tomorrow will be a buy a Yom Kippur moment. I have an inverted H/S pattern setting up for a rally to 1975 on the 1 min.

The daily chart still supports a good completed wave iv for my ED.

The bears still have their extending wave count on the 5 min. The bulls need to clear 1966 (blue horizontal line) to create another overlap, which would bring into question a larger degree five wave move down for the bears.

If 1966 were to be cleared, the next best count for the bears is a large degree nested 1-2 i-ii down. If this becomes the bear's best count, the bulls need to take out 1985, which result result in wave ii retracing beyond the start of wave i.

I bought the lil dip today after the five waves up completed on the 1 min chart. We'll see what happens tomorrow.

1 Min 

5 Min 

Daily

60 Min  H/S

10/2/14 - AM Update

[12:01 PM] - Poss H/S.

12:01 PM - 1 Min 

[11:20 AM] - Looking to go long.

11:20 AM  - 1 Min 

[10:51 AM] - Let's see if that make wave [i. If so, buy at [ii.

10:52 AM - 1 Min 

[10:15 AM] - I brought the triangle back (blue wave B). If so, wave C is complete.

10:15 AM - 5 Min 

[10:08 AM] - The red count is still extending. The bulls have a target of 1966 if they want to turn this leg down into a larger corrective wave.

10:08 AM - 5 Min 

[9:12 AM] - Wave iv red in progress?

9;12 AM - 5 Min

10/1/14 - EOD Update

Looks like the bears may have come out of hibernation. We have some decent wave counts and a broken neckline on a H/S targeting 1905.

However, we still have a legitimate double zigzag correction count (purple 5min) in play and price just tagged the lower trendline (purple) on the daily chart.

At the moment I have to give the advantage to the bears, however, there may be a bounce setting up here and that bounce will determine if the bears can make a larger degree five waves down.

If the bulls do not fight here, the bears  may have a gap and go drop coming up that would represent some form of 3 of 3 event.

5 Min 

60 Min 

Daily

10/1/14 - AM Update

[12:34 PM] - Wave {iv in progress or wave Y purple complete? The bulls need to take out the blue line to help out that count.

12:34 PM - 5 Min 

[12:13 PM] - Slicing thru trendlines. Will the purple one hold?

[12:04 PM] - Wave {iii complete.

12:04 PM - 5 Min

[7:09 AM] - Looks like wave [iii is complete. Let's see if it bounces here in a wave [iv or overlaps [i.
That will be the tell.

7:09 AM - 5 Min 

[6:55 AM] - The bulls wanna recapture the blue line to create the overlap.

6:55 AM - 5 Min 

[6:44 AM] - Happy October 1.  Here are the adjustments to the squiggles based on today's open. Bulls shouldn't lose hope yet but they better hope for another bounce here to create another overlap, otherwise, the bears have the edge.

6:44 AM - 5 Min 

6:44 AM - 60 Min