Thursday, July 23, 2015

7/23/15 - EOD Update

Danny's recent comment got me off my butt tonight. Unfortunately not much to add though.

Since my last two posts,  I was tracking the wedge and introduced a potential flat count for the market implying that a bounce may come. Sure enough we got the bounce.

After the bounce occurred, the market climbed back towards the top of the range I have been tracking. I figured the market would pullback, the question was to what degree.

So far its back towards the middle of the gray range and the 50 DMA.

60 Min 

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