8/6/15 - EOD Update

Looks like the wave c call from yesterday was the correct call since it did not take out 2113.8x. The market retreated lower in what appears to be a nice little impulsive wave with four waves completed so far.

Two options on the 5 min chart below:

1. Either a tiny fifth wave lower tomorrow to complete wave c of a flat or...
2. Wave  y completed today for a double zigzag

5 Min

 Earlier today this is what I tweeted:

Cant post a chart but overall daily chart looks like a triangle for this range now and this move down today completing wave c of a flat

— Grand (@grand680) August 6, 2015

Daily

The triangle is highlighted on the daily chart above. If it is a triangle, it works well with the green count.

8/5/15 - AM Update

[6:48 AM] - Not a bad call so far. Looks like a wave c at the moment until it can take out 2113.8x.

6:48 AM - 5 Min

8/4/15 - EOD Update

5 min chart only. Lets see if a wave c or iii launches from here.

5 Min 

8/1/15 - Daily Extended Update

All this sideways chop in the range got me to reexamine the extended count I have been tracking.  Its pretty obvious wave (3) of this count must be extending.

Upon closer examination, I have added the green alternate count on the chart. If this is the correct count, then the range we have been seeing is a wave 4 of (3), which implies another poke higher or a challenge of the all time high.

As usual, we'll see...

Daily