5/22/15

Nothing to post lately since this market is still not sure what it wants to do. Since the last post, the leading expanding diagonal option has been. We knew this was a rare pattern. 

Just waiting for a break out; up or down.  Still wedging. 

5/8/15 - AM Update

[8:52 AM] - Keeping an eye on the potential leading expanding diagonal (rare pattern tho).

8:52 AM - 60 Min 

5/6/15 - EOD Update

Trendline break. Looks like its the bear's turn. We'll see if they trade this back to 2050-2060.

The daily chart has a bear option with the wedge complete. It implies a double top with a truncated fifth wave for the ED.

60 Min 

Daily

5/5/15 - EOD Update

I don't know. This move is really becoming suspect. As much as that triangle is still in play the market is testing the lower trendline once again.

Triple -ve daily divergence on SPX and the RUT still looks like its move is done. We'll see.

60 Min 

Bollinger Bands

Daily

RUT