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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Monday, January 6, 2014
1/6/14 - EOD Update
I don't like the squiggle count for the bears, however, we have to respect the daily MACD bear cross that is threatening to cross down along with -ve divergence.
For the bulls, I see a count that would justify a zigzag down but will wait to post it until price breaks out of the descending channel.
