11/28/15

We'll see if the market breaks thru the yellow neckline next week.

15 Min 

11/25/15 - AM Update

11:34 AM - Looks like consolidating in a tri. The yellow inv H/S targets 2120ish.

11:34 AM - 15 Min 

7:15 AM - With today's little dip, the right shoulder may have formed on the inv H/S (yellow) I mentioned yesterday.

7:15 AM - 15 Min

11/24/15 - EOD Update

I went long today and hope the H/S plays out. Was looking for the dip to 38% retrace so we'll see if this is the case.

The bears lost their impulse when the bulls tore thru the red horizontal line. The bears' next best count would be a double zig zag should a lower low occur.

I didn't highlight it on the chart below but a smaller inv H/S could be forming that would target approx 2120.

15 Min 

11/24/15 - AM Update

8:20 AM - Bears need to defend the red horizontal. That marks the end of what would be wave 1 albeit a corrective wave 1, which I believe is corrective, hence the long position.

8:20 AM - 15 Min

7:14 AM - The market had a lil more to go after breaking out of the lil triangle and completed all five waves at 2097. We'll see if 38% is the target for retrace.

7:14 AM - 15 Min