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.

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