The bears gave up their chance of forming an impulsive wave down off the 1946 high from last week. Therefore, there is a better chance that we may be seeing wave -y up.
We shall see if the gap at 1950 will be filled.
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| 15 Min |
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| 60 Min |
Wednesday, February 3, 2016
2/3/16 - EOD Update
What a wild ride today. Unfortunately I bought my wave [b dip too soon and had to take some pain but stuck thru the trade for the time being. I'll see what the next two sessions bring. If we see a decent rally tomorrow, I'll take the trade off.
The bears gave up their chance of forming an impulsive wave down off the 1946 high from last week. Therefore, there is a better chance that we may be seeing wave -y up.
We shall see if the gap at 1950 will be filled.
The red alt on the 15 min above is courtesy of vodavi.
The bears gave up their chance of forming an impulsive wave down off the 1946 high from last week. Therefore, there is a better chance that we may be seeing wave -y up.
We shall see if the gap at 1950 will be filled.
Tuesday, February 2, 2016
2/2/16 - EOD Update
Looks like I got my wave [b pullback (I hope!). I bought when SPX was down 28 points.
Hopefully some bulls step in soon because the 60 min looks like my wave {iv could be complete with the breakdown out of the rising wedge.
Hopefully some bulls step in soon because the 60 min looks like my wave {iv could be complete with the breakdown out of the rising wedge.
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| 15 Min |
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| 60 Min |
2/2/16 - AM Update
7:40 AM - I bought the wave [b dip this AM when SPX was down 28 pts. Lets see if it is correct.
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| 7:40 AM - 15 Min |
Monday, February 1, 2016
2/1/16 - EOD Update
The market dipped to 1920 early this AM. Over the weekend I posted that I was hoping to buy the wave [b dip near 1920 and better yet near 1910. The market didn't give me 1910 so I initially missed the boat.
After today's action, I think wave [a actually completed so there may still be a chance to get in on wave [b. ES action tonight may be suggesting the same. We shall see tomorrow.
On the hourly, the market found some resistance on the underside of the blue trendline. It was also just say of the gap fill at 1950.
After today's action, I think wave [a actually completed so there may still be a chance to get in on wave [b. ES action tonight may be suggesting the same. We shall see tomorrow.
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| 15 Min |
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| 60 Min |
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