Monday, November 16, 2015

11/16/15 - EOD Update

The bulls staged their bounce at Fib and price support. The bears have to defend the 2068.24 level if they want to build a larger impulse wave down.

If today was a wave iv bounce, it has already hit 50% retracement of wave iii, which is a tad steep.

The bulls have three waves up off the bounce so they need to defend 2033.84, today's 6:40 AM (PST) high.

15 Min 

60 Min

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