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Sunday, July 6, 2014

Sunday, 7/6/14 update

The bull market continues to extend.  Still tracking two alternate counts, they are only slightly different and both have the ES/SPX in the 5th wave of the bull market off the 2011 lows.  One thing to note: Alternate #2 originally was considered an ending diagonal in progress, that possibility has been eliminated and instead it's a regular 5 wave sequence being formed.

PLEASE NOTE: My charting/trading platform (TD Ameritrade - TOS) has "lost" the daily ES data for the 1st two weeks of March, so the labeling in the charts approximates an interim top that occurred in that time frame 

Alternate #1

Alternate #2

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