Thursday, May 9, 2013

5/9/13 - EOD Update

Will the bears ever show up? Just a few things in their favor:

1. Top TL hit and rejection.
2. H/S pattern - Target 1610
3. Negative divergence.

The bulls have maintained the rising channel and bought at the mid channel. May be time for a little break here though and consolidate if anything.

15 Min 

60 min 

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