Wednesday, December 12, 2012

12/12/12 - EOD Update

Earlier this morning, I posted a possible scenario post FOMC. So far that was pretty spot on.

Today was constructive for the bears to stage an attack on the lower TL of the wedge, however, until that TL breaks, the bulls still have a chance to squiggle their way up the wedge.

The bears also managed to create a -ve divergence on the hourly MACD and form a shooting star on the daily.

3 Min 

60 min 

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