4/30/14 - EOD Update

We'll see. Still choppy. Starting to like my yellow count. 

5 Min 

Daily

4/29/14 - EOD Update

I don't really like the squiggle options so I'm only gonna post the daily chart for now until there is more clarity. Because of all the chop, an ending diagonal scenario (yellow) for wave 5 blue may be more likely vs a standard impulse wave off the wave 4 running flat scenario (blue).

As I posted the other day, 1850 was relevant. So far the bulls have closed it over along with the with closing it over the 50 day SMA.

Daily

4/26/14

Trying to figure out if a new impulse wave up is working here to complete wave (5) or if the bears have one more leg down to complete an alternate wave 4 (60 min chart in red).

1850 looks like the level to watch as the market has been chopping around this level  (see daily). The 50 day SMA is near 1858 and the market is now back testing it after regaining it.

5 Min 

60 Min 

Daily

4/25/14 - AM Update

[10:21 AM] - If a lower low can be made, a flat looks legit.

10:21 AM - 1 Min

[8:22 AM] - If the bears manage to drop it lower a larger triangle is something to watch out for if the bulls are not ready to give up.

8:22 AM

[7:06 AM]  - The triangle is out but an expanding diagonal is still a possible structure. Better be prepared for a bear surprise tho.

7:07 AM

[6:32 AM] - We'll see if they are just trying to wrap up wave c of the triangle.

6:32 AM