5/17/16 - EOD Update

I took a long trade again today with the pullback to 2055 since I was expecting to be a wave ii or b pullback. The market sliced through what would have been wave a or i so in general that would have been a exit.

I held on to it with a lil pain (~10 pts) since my original stop level at 2039 held. The waves continue to chop and the best explanation I have at the moment is a more complex double zigzag highlighted now on the 60 min chart.

The H/S is still a threat so I will exit my position if 2039 breaks.

5 Min 

60 Min 

5/17/16 - AM Update

7:15 AM  - Just went long again. We'll see.

7:15 AM - 5 Min 

5/16/16 - EOD Update

Last Fri I posted my long trade since I suspected a bounce was in store to play a possible wave c up. Got out near the peak today so picked up about 20 points.

Now will wait and see if there is a wave ii or b opportunity down to buy for another leg up.

5 Min 

5/13/16 - AM Update

11:00 AM - Just went long for a trade here. Playing the purple alternate. Though I lean towards the larger H/S on the 60 min, something makes me thing there could be another bounce short term should this pullback down to today is a b leg, with one more c leg up.

Stop below 2039.

11:00 AM - 5 Min 

I'm also tracking a potential triangle on the 60 min chart to that would challenge the H/S. We'll see. Just gonna play the contrarian on the H/S since it is so obvious.