The count is still working out well for us at the moment.
Wednesday, May 27, 2015
Tuesday, May 26, 2015
Wave 5 seems to short in time compared to wave 1 and 3 of the proposed ending diagonal. So we'll assume that wave [b] pullback occurred today. Therefore wave [c] of 5 would take the markets to again new highs.
Squiggle count of the final wave:
Posted by Daneric at 4:30 PM
Wednesday, May 20, 2015
Tuesday, May 19, 2015
The Wilshire count below came within 7 points of achieving a new intraday high. So based on the count, we must assume that the high will be achieved. An upper trendline hit would be perfect.
This is a pretty decent setup for a good short bet. Because if the Ending Diagonal triangle wedge count is correct, prices should collapse swiftly to beneath red Intermediate wave (4) start point pivot upon completion of the ending diagonal. The price pivot for red (4) is 19,160
US dollar. Nice spike upward.
Yes I do think all the lower channel trendlines will be smashed through eventually.
Posted by Daneric at 7:57 PM