Monday, June 29, 2015

6/29/15 - EOD Update

The market finally broke thru the neckline of the head and shoulders. The target is 2000 if it plays out completely. 2000 would also bring it back to the start of the wedge.

Price was just shy of the 200 DMA.

60 Min

We'll see if the market can recover 2072, which is the bottom of the previous range I've been tracking.

If today's move is the beginning of the end of the 6 year run, its time to look at the daily and weekly chart again. This is my best interpretation. 

Here is a look at the weekly. 


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