4/5/16 - EOD Update

Evidence continues to build in favor of the blue count on the 60 min chart. Price is out of the wedge so we'll see if this continues to move lower.

Lower time frames indicates five small waves down.

60 Min 

Daily

4/4/16 - EOD Update

Blue has enough for five complete waves. Orange is still working on wave (iii. Watching the wedging pattern too.

60 Min 

4/1/16 - EOD Update

Looks like the market did indeed bounce and worked on completing wave {v. The squiggles are too tiny to label but there may just be a teenie tiny bit left. Based on the blue count, its pretty close if not close enough to consider the count complete.

The next best alternate is the orange count. This implies that wave (iii of {c is in progress.

60 Min 

4/1/16 - AM Update

Testing the lower limit for a 4-1 overlap for the final wave {v. Lets see if the market bounces from here to make one more lil wave higher to complete five of {v. That is near term.

On a lil bigger picture, the daily shows an island reversal back below the upper trendline of the channel coupled with a daily MACD cross down.

We'll see which MA the market is headed for. The 50 MA would be a good place if the move off the 2/11/16 low is a complete five waves.

6:45 AM - 60 Min 

Daily