It is still a struggle between the two. The triangle pattern is starting to gain some traction but the red bearish count is still very well in play.
Short term, I lean towards a bounce that may challenge the 20 and 50 DMA again.
Wednesday, January 14, 2015
1/14/15 - EOD Update
This AM I was keeping an eye on the dotted lines and a potential double bottom. So far it looks like the market may have begun the bounce there. The hourly is showing a potential +ve divergence as well.
It is still a struggle between the two. The triangle pattern is starting to gain some traction but the red bearish count is still very well in play.
Short term, I lean towards a bounce that may challenge the 20 and 50 DMA again.
It is still a struggle between the two. The triangle pattern is starting to gain some traction but the red bearish count is still very well in play.
Short term, I lean towards a bounce that may challenge the 20 and 50 DMA again.
