Tuesday, December 3, 2013

12/3/13 - EOD Update

As I mentioned yesterday, the bears had a decent setup. Now the bulls need to step in if they want to prevent the creation of a five wave impulse down.

Bears are working on wave iv up before wave v down commences. If this occurs, this will be the cleanest impulse wave down I've seen in a while. The bears need to defend the wave i low.

If the bears get their way, they are setting up a larger H/S pattern that may target approximately 1730.

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