Tuesday, March 12, 2013

3/12/13 - EOD Update

Did the bulls just buy another dip? It is very possible.

The market finally came within 7/10 of a point of the head and shoulders target I have had on my 60 min chart. It also looks like five waves up can be counted as complete.

Will the bears every show up?

SPX is still dragging behind the DJI, which posted another all time closing high. SPX has yet to surpass it's 2007 all time high.

3 Min 
Bears need to act tomorrow at the open if they want to start something, otherwise the bulls are looking to march higher and challenge the 2007 high.

60 Min 

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