Friday, August 30, 2013

8/30/13 - EOD Update

So long August. Hello Sept.

Daily and weekly negative MACD divergence in play. So with that, the bearish red and purple options are my top choices right now.

However, something I'll be watching is the potential for the purple wedgish pattern developing.
If the market is set to bounce, now would be a good time at the trendline connecting the 11/16/12 - 6/24/13 lows.

60 Min 

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