Thursday, February 13, 2014

2/13/14 - EOD Update

The alternate count I presented intra day panned out as the market pulled back into the 50 day SMA and bounced hard from there.

We'll have to keep an eye on another alternative I did not post. It is very bullish and that would be the original count having wave 1 topped at yesterday's high and today's dip as a wave 2.

I still think there should be another test near the 50 or 20 day SMA but you know the market often times does not give you what you want.

15 Min 

60 Min 

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