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Tuesday, May 22, 2012

$ES_F: EW count and forecast.


Second attack to the 50% retracement and wave 4 continue in place.

$SPX: EW count and forecast. Wave 4 in place. Up tomorrow?




Early, we posted that, maybe, wave 4 was in place at 23.6% retracement but this wave has been in place at the 50% retracement. Tomorrow we may see the development of wave 5, of some kind, up.






$SPX: EW count and forecast.


At 14:00 ET, one alternative is some kind of wave 3 and 4 in place and it can be due for a extensive wave 5,up.

$BAC: EOD EW count and forecast. Wave 4, in place?. Tomorrow, up, again?


Above is the EOD chart with wave 4, orange, in place?. Below are the charts posted today. Some charts were updated via stocktwits. We think the odds are looking north.


$BAC: EW count and forecast. First in flexion. Wave 3 of some kind?



Wave c of b has develop in a perfect parallel downtrend and this has been broken to the upside. This is a bull setup. Also we have that the 6.69 pivot point work OK and third, we have a higher high. 


13:03 ET


15:16 ET

It seems like wave 4 continues in play. A bit more of downfall,maybe. To the 50% retracement line.



15:53 ET

We think that 6.93, the 50% retracement has resist so, maybe, wave 4 is in place. Cheers. We have labeled appropriate wave 3, orange.

$SPX: EW count and forecast.


At 14:00 ET, one alternative is some kind of wave 3 and 4 in place and it can be due for a extensive wave 5,up.

$BAC: EW count and forecast. First in flexion. Wave 3 of some kind?



Wave c of b has develop in a perfect parallel downtrend and this has been broken to the upside. This is a bull setup. Also we have that the 6.69 pivot point work OK and third, we have a higher high. 


13:03 ET


15:16 ET

It seems like wave 4 continues in play. A bit more of downfall,maybe. To the 50% retracement line.



15:53 ET

We think that 6.93, the 50% retracement has resist so, maybe, wave 4 is in place. Cheers. We have labeled appropriate wave 3, orange.


$BAC: EW count and forecast.


We think that, yesterday call for a pivot point at 6.69 was ok. If this is right and,now a wave c of 4, up, is developing, the target could be in the 10.5-12 area.