Bulls need to rally in short order or we may be looking at some targets below near 1370 or 1340.
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| SPX - 5 Min |
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| SPX - 60 Min Red Option |
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| Option 2 |
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| DJI with Minor 4 Underway |
Stock Market Analysis With The Elliott Wave Principle -Dow Jones, S&P 500, Russell 2000, Nasdaq and FX. All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
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Thursday, April 5, 2012
4/5/12 - EOD Update
Lots of options on the table and unfortunately since the market may be working on a wave 4 (degree debatable), we are seeing lots of chop.
Bulls need to rally in short order or we may be looking at some targets below near 1370 or 1340.
Do we have five waves down or just another wxy completed? Perhaps there is a bounce towards 1404-1411 first.
Wave 4 red is really hanging on by a thread.
If Minor 4 is underway.
Bulls need to rally in short order or we may be looking at some targets below near 1370 or 1340.