Monday, September 30, 2013

9/30/13 - AM Update

Let's see if this is a repeat of 9/27/13.

3 Min - 11:41 AM

The black count option is still in play and could turn out to be an extended move lower as the market stair-steps it's way down to the lower TL noted earlier on the Daily.

10 Min - 9:14 AM

Lost the 20 day SMA. Let's see if the green TL is the obvious target. Note the triple -ve divergence.

The threat of a government shutdown has provided the catalyst for the red count to resume lower and finally breaking through the neckline.

We'll see how much selling occurs here.

10 Min - 6:31 AM

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