Tuesday, June 25, 2013

6/25/13 - EOD Update

Looks like that 60 min MACD buy signal along with the short term + divergence played out early on today. However, its not over for the bears and the bulls till have some more work cut out for them.

This AM I introduced the running flat scenario. I think this is a pretty good option. Wave c = 1.618*a.

I am also putting out this speculative triangle (gold) for wave B.

We shall see if the bulls have some more bounce in em.

15 Min 

60 Min 

Weekly

Looks like 1585 may be a critical level to hold this week. Note the potential hammer forming.







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