Off to my son’s graduation, here’s a quick update.  Obviously no changes for the Alphahorn Swing System, which has absolutely nailed this move up.  It has been a call against the tide of virtually all Internet and TV pundits.  All equity indexes remain long, Energy is in long, though I elect to be in cash, and precious metals are short, though I’ve mistakenly held them as a hedge.

The 30 min chart shows the more pessimistic of the bullish counts that minor wave 3 ended today.  There is a chance this is only minute wave [iii] of 3, which does make quite a bit of sense, as it is typically the most impulsive wave.  Regardless, at some point we should see a pullback, then a push up to even higher highs.

The 2 hour chart of the equities shows the break out targets for the Nasdaq and Financials that I’ve had posted sense their respective patterns developed.  The daily chart for the equities shows the break above key resistance for the DOW and SPX.  If you recall, I mentioned that the odds favored this once Real Estate, our accurate leader once again, broke up through its apparent ending diagonal to form a channel.