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April 10th, 2014: Initial SCTY Wave Count

Posted by pugsma on April 10, 2014

11:00 am EST:  SCTY is showing a positive divergence on both the 4-hr and 60-min MACD at the recent low of 53.05.  If SCTY can hold the 53.05 low, then the major [5] wave count make a new high above 88.35 at the [5]=[1] target of 97.79.

SCTY 60-min chart (mid-day):

PUG SCTY 60-min chart MD 4-10-14

SCTY 4-hr chart (mid-day):

PUG SCTY 4-hr chart MD 4-10-14

 

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