Monday, March 10, 2014

3/10/14 - EOD Update

Though the bulls broke out of the falling wedge, I still have a feeling something is going on with da bears that may bring at least another leg lower.

Obviously a new high about 1883 would confirm wave 3 up is underway.

5 Min 

SPX - Daily
McClellan continues to diverge.

TNX
The 10 year yield is stalling just under it's 50-day SMA. So may be one more push lower for blue c of 4. This would correspond with one more push lower for the SPX
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