The bulls cannot claim complete victory yet since this rising wedge with quadruple -ve divergence is something to be concerned about, especially since this would fit in with a "sell the news event".
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| 15 Min |
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| Daily |
Wednesday, October 16, 2013
10/16/13 - EOD Update
As I mentioned yesterday we should be prepared for the whipsaws. The bulls got some today and launched a 3 of 3 wave into the close to challenge the upper wedge TL near 1730ish.
The bulls cannot claim complete victory yet since this rising wedge with quadruple -ve divergence is something to be concerned about, especially since this would fit in with a "sell the news event".
The bulls cannot claim complete victory yet since this rising wedge with quadruple -ve divergence is something to be concerned about, especially since this would fit in with a "sell the news event".
