However, a few things still favor the bears: The purple and red options are still in play, a close below the 20 day SMA, MACD sell signal confirmed and a triple -ve daily divergence.
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| 15 Min |
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| Daily |
Thursday, October 3, 2013
10/3/13 - EOD Update
The bulls tried to put up a fight today after the market tanked 22+ points. For now they have defended the blue TL (daily chart below). I have reintroduced a green option should the next leg higher be in progress.
However, a few things still favor the bears: The purple and red options are still in play, a close below the 20 day SMA, MACD sell signal confirmed and a triple -ve daily divergence.
However, a few things still favor the bears: The purple and red options are still in play, a close below the 20 day SMA, MACD sell signal confirmed and a triple -ve daily divergence.
