Wednesday, October 16, 2013

10/16/13 - EOD Update

As I mentioned yesterday we should be prepared for the whipsaws. The bulls got some today and launched a 3 of 3 wave into the close to challenge the upper wedge TL near 1730ish.

The bulls cannot claim complete victory yet since this rising wedge with quadruple -ve divergence is something to be concerned about, especially since this would fit in with a "sell the news event".

15 Min

Daily

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