Tuesday, January 15, 2013

1/15/13 - EOD Update

No bear to be found. I cannot count an impulse down. The best the bears have at the moment is a double zigzag in red on the 5 min.

As for the bulls a very bullish nested 1-2 count is on the table. Quite honestly. I'm not too sure about this one either.

1375 is still holding as resistance but so long as the market consolidates just below this level, the nested 1-2 option up just may work.

We shall see.
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