Stock Market Analysis With The Elliott Wave Principle
-Dow Jones, S&P 500, Russell 2000, Nasdaq and FX.
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Monday, July 29, 2013
7/29/13 - EOD Update
Watching the daily MACD. It is starting to show negative divergence so we need to be mindful of the blue option.
I added a purple option, which I sorta like better than the green.
Bottom line is if we continue to chop around up here, chances are we are still in a wave 4, otherwise, the blue option is looking for a flush down in the next day or two.