7/31/15 - AM Update

[7:08 AM] - We'll see if we have five completed waves. A 38% retracement would bring it back down to the 20 and 50 DMA near 2094. The 20 DMA is looking to cross back up thru the 50.

5 Min 

7/30/15 - EOD Update

The market continues to bounce around within the range like clockwork. The 5 min chart is hinting at five complete waves so lets see if there is a dip to buy.

5 Min 

60 Min 

7/28/15 - AM Update

[6:49 AM Update] - So far a bounce out of the triangle. Either five waves completed with a mini double bottom or this bounce is just a wave C of iv of a flat before one more stab lower.

Either way, It looks like five waves may be complete or near completion so I'll be looking for a bounce.

6:49 AM - 5 Min 

7/23/15 - EOD Update

Danny's recent comment got me off my butt tonight. Unfortunately not much to add though.

Since my last two posts,  I was tracking the wedge and introduced a potential flat count for the market implying that a bounce may come. Sure enough we got the bounce.

After the bounce occurred, the market climbed back towards the top of the range I have been tracking. I figured the market would pullback, the question was to what degree.

So far its back towards the middle of the gray range and the 50 DMA.

60 Min