Saturday, June 29, 2013

6/29/13

15 Min 
I like the green option at the moment, especially the green "or" wave labels.

I don't really like the start of the wave structure for blue and red if the bounce ended on 6/27.

** One thing I am eyeing is a leading expanding diagonal starting on 6/27 should the market drop early Mon and then rebound  without taking out the 6/27 high. That is all speculation at the moment so we'll wait and see on that one.

Weekly
 The weekly MACD confirmed the sell signal and also eyeing that H/S.

Daily
The market bounced at the lower BB just like the previous three times, however, this time the 20 day SMA was rejected. We'll see how this plays out coupled with the weekly MACD sell signal.
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