Thursday, April 9, 2015

4/9/15 - EOD Update

A few days ago I posted that all counts favor some type of pullback or sell off. After today, I think it is back to dead even. All the counts are still in play in addition to another bull count option.

The bulls turned MACD positive and closed above the 20 and 50 DMAs. The additional bull count highlights a potential combo corrective with wave c ending in a triangle (in green).

I guess we'll just have to wait and see.

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