6/4/13- EOD Update

15 Min 

We should know by tomorrow what is going on with the wave structure. I have revised the red bearish option a little bit here. It is still looking for a iii of 3 event but the bulls have a case going for them as well.

I do favor the bears here since the daily MACD is still bearish and the 20 day SMA failed today on the back test.