$SPX 15 Minute: The bounce up from the most recent little bottom last week looks corrective. I put in two likely outcomes early next week.
$SPX 60 Minute: The reason I do not think this is the Ewave or Big Bear move lower is it does not look impulsive down. AND, if this is to be the super Ewave bear move of wave 3 down, I would expect to see the market gap down and run.
I still think it's corrective down, probably abc and we are in wave c down. Green lines are retracement levels. Here to, it looks unfinished to the down side near term. I'm still looking for a minor turning point. Structure abc down should finish wave X or B of WXY or ABC up.
$SPX Daily: The MACD and price on this time frame look like they need a little more work lower next week.
IBM: The stock continues to be a rock.
AAPL: Looks like a little diagonal down, but price could fall to support though.
PCLN and GOOG: Both are failing right at resistance. If both of these need to work lower, I would assume the market will be weak in conjunction.
My Watch List: I'm on vacation so just a couple of ideas.
GOLD: Divergences in place. Price is below the prior peak failing at the middle pitchfork. Notice cluster support at $106. I think we test that.
M: Price failing at the over head trend line. There's still a chance for one more push up.
From My Trading Desk: Friday We closed our Short on GOLD for a Gain. We scalped a short on AMZN for gain. At the end of Friday, we took a short on M and a fractional short on GOLD.
J.D. Rosendahl, Rosey