Monday, June 17, 2013

6/17/13 - EOD Update

The market continues to swing wildly. The Blue and Black options are on the same page at the moment. The Red option is still trying to complete the triangle.

At this point in time, the market is trying to figure out its next big move. It really can go either way at the moment. The move may be pretty big either way.

If the bulls win, they have a nested 1-2 i-ii to explode to the upside. However, if the bears have any say, they may thrust down out of that tri once it is complete. Best to stay nimble and just trade the triangle trendline in a breakout is identified.

15 Min 

The bulls cleared the 20 day momentarily but could not close above it.
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