Tuesday, February 25, 2014

2/25/14 - EOD Update

Lots of "threes" ( three wave structures) up here. So hard to say at the moment what the market wants to do.

If I had to guess, I would give a slight edge to green ii or the red count option due to the -ve MACD divergence.

However, the bulls may have formed a combo corrective (wave c ending in a small triangle) to complete wave ii blue. The caveat to this is that the triangle for wave c is not quite mature yet.

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