Monday, February 4, 2013

2/4/13 - EOD Update

60 Min
It looks like (iii) is complete. The bulls need to defend the 1448 level to preserve the impulse up.

The bears, of course, need to take the market back thru 1448 to create a (iv)-(i) overlap for the blue option, rendering the impulse void. Lets see if the bears can form a much larger impulse wave down.

Lets continue to watch this wedge. As posted last Fri, a sudden collapse would mark the end of this move up.
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