Tuesday, March 11, 2014

3/11/14 - EOD Update

[2:45 PM] - Here is a 1 min view of the wedge.

2:45 PM

[EOD Update] - Looks like we finally got our wave (c) lower. So far a flat looks good for wave 2.

Not sure if wave (c) is complete yet but it did bounce at the lower gray trend line. I wouldn't be surprised if there is another smaller move lower, however, some buying into the close may have price breaking out of the falling wedge. We shall see if the bulls step in tomorrow. 

5 Min 

One thing I will be on the look out for is a larger move lower since I have been watching the diverging McClellan Oscillator. 

This may also fit in with a double top target below near 1857. 

60 Min 

60 Min 

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