Wednesday, May 4, 2016

5/4/16 - EOD Update

I exited my long position for a small lost today with the break below the neckline of the H/S. This could whipsaw with a bounce up thru the neckline again though since the 60 min looks like it may be positively diverging and the market is hovering over the 50 SMA.

Wave count-wise, however, this could still be sub-dividing lower making its way towards the H/S target near 1980 so I will wait and see.

60 Min

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