Tuesday, August 6, 2013

8/6/13 - EOD Update

The triangle obviously failed today. At the moment, the count is a battle between the black and red option.

The purple option is splittin the quiggles a bit so to keep it simple, either the bears are attempting to launch five little red waves down or the bulls make one more stand here and try for 1718 once more.

There is a triple daily -ve divergence on MACD. The bears are trying to form a head and shoulders top as well on the hourly. We'll see.
5 Min -

60 Min 

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