Obviously a new high about 1883 would confirm wave 3 up is underway.
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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, March 10, 2014
3/10/14 - EOD Update
Though the bulls broke out of the falling wedge, I still have a feeling something is going on with da bears that may bring at least another leg lower.
Obviously a new high about 1883 would confirm wave 3 up is underway.
McClellan continues to diverge.
The 10 year yield is stalling just under it's 50-day SMA. So may be one more push lower for blue c of 4. This would correspond with one more push lower for the SPX
Obviously a new high about 1883 would confirm wave 3 up is underway.