Saturday, April 26, 2014

4/26/14

Trying to figure out if a new impulse wave up is working here to complete wave (5) or if the bears have one more leg down to complete an alternate wave 4 (60 min chart in red).

1850 looks like the level to watch as the market has been chopping around this level  (see daily). The 50 day SMA is near 1858 and the market is now back testing it after regaining it.


5 Min 

60 Min 

Daily

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