Monday, December 9, 2013

12/9/13 - EOD Update

Not too exciting today. The bulls weren't able to muster up enough energy to make new highs.

Instead, they have decided to go with a potential flat for wave iv with wave c ending as an ED.

The bears on the other hand, were able to stop the bulls and potentially force a double top. What could be favoring the bears is the new option I added in purple. A larger flat that could be in play.

As I posted on 12/4, we may want to remain nimble in this range and so far, we are back at the upper end of it.

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