Thursday, October 23, 2014

10/23/14 - EOD Update

After a choppy yet sharp bounce, it looks like the market has now completed five waves up near the inv H/S target and just under the 50 DMA. As I posted yesterday, I wanted to see wave -v complete first, which it appears it has now done.

So lets see if there is another buying opportunity here as the right shoulder of a larger inv H/S is set. It can find support anywhere in between 1925- 1875.

5 Min 

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