However, the triangle is still not out and I have been looking for this pullback to form wave E from the bullish standpoint.
Opening bell rips are being sold so I think better for bulls to be cautious at this point.
 |
| 5 Min |
 |
| 60 Min |
Wednesday, January 28, 2015
1/28/15 - EOD Update
Earlier today I tweeted that a possible leading expanding diagonal was forming off the wave D high. So far that has played out along with the bearish view I continue to hold.
However, the triangle is still not out and I have been looking for this pullback to form wave E from the bullish standpoint.
Opening bell rips are being sold so I think better for bulls to be cautious at this point.
However, the triangle is still not out and I have been looking for this pullback to form wave E from the bullish standpoint.
Opening bell rips are being sold so I think better for bulls to be cautious at this point.
