Monday, July 1, 2013

7/1/13 - EOD Update

I think the expanded flat for wave 2 might be a good possibility. Wave b of the flat extended 1.38*a and then reversed.

The previous green option was ruled out since wave iv overlapped into wave i. So the best option for the more bullish green option now is a nested i-ii {i}-{ii}. I'm not too sure about that tho.

I'd like to see a wave c of 2 retrace down to approx 1593-1585 sometime tomorrow. We'll see.

15 Min 

Daily Bollinger Bands

Shooting star on the daily candle stick after failing to regain the 20 day SMA.

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