Friday, September 7, 2012

9/7/12 - EOD Update

60 Min
 A decent reaction to a poor jobs #. Perhaps the upper TL is the target. I have that near 1445. The green count is nearly complete. The red count is tracking the green's final move here as well to complete wave b.

A 2nd close outside the daily BB so a pullback into the bands should be expected sooner than later. A daily MACD bull cross.

 Lets see what happens at 1440.

Note the DOW, RUT and TRANS are all lagging SPX.

Transports - Daily

DJI - Daily

RUT - Daily

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