9/3/15 - AM Update

[9:00 AM] - Here is the ideal double bottom target zone.

9:00 AM - 5 Min 

[7:36 AM] - Don't want to confuse anyone with timeframes but here is the hourly count. Notice the backtest of the trendline.  This count is still legit

7:36 AM - 60 Min

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[7:22 AM] - The alternate wave iv option is out on the 5 min as mentioned the other day with the break thru the red line.

Anyone buy that inv h/s yesterday?

Another chance to plY a bounce? Poss inv h/s?

— Grand (@grand680) September 2, 2015

7:22 AM - 5 Min 

I had 1975 for the inv H/S target. Note the Double bottom target.

9/2/15 - AM Update

[6:35 AM] - There's the bounce. Back to even.

Need to be aware of the potential for this bounce to represent a wave 4 as well. I've added the yellow Fib targets. Naturally for my current long position, I would like it to be more than that but crazy times so be ready.

635 AM - 5 Min 

9/1/15 - EOD Update

1867.08 is the level in the sand for the bulls. So far an a-b-c correction off the recent bounce to a 62% retracement so far. Lets see if there is some buying starting tomorrow.

If not, the bearish scenario has a fifth (v) wave down to the 1867 to 1820 range.

5 Min 

60 Min 

9/1/15 - AM Update

Forgot the 5 min chart with the channel

5 Min 

Here is the bearish alternative that would set up a potential bounce scenario if it turns into a double bottom.

Note that the guideline of alternation is in play here too.

60 Min