Tuesday, February 3, 2015

2/3/15 - EOD Update

Gonna get interesting here. The market shot right up towards the upper trendline I was keeping an eye on.

The question now is whether this is wave D in progress, the continuation of the ED (see daily chart) or just wave {a of the bears count in red.

The bulls managed to form a decent looking five wave impulse and recapture the 50 DMA. However, the market continues to print lower highs so we'll see.

5 Min 

60 Min 

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