Thursday, October 3, 2013

10/3/13 - EOD Update

The bulls tried to put up a fight today after the market tanked 22+ points. For now they have defended the blue TL (daily chart below). I have reintroduced a green option should the next leg higher be in progress.

However, a few things still favor the bears:  The purple and red options are still in play, a close below the 20 day SMA, MACD sell signal confirmed and a triple -ve daily divergence.


15 Min 

Daily


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