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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Thursday, August 14, 2014
8/14/14 - EOD Update
The bulls closed it over the 20 day but just under the 50 day. Daily MACD is about to cross up.
Hopefully we'll get some clarity as to the very near term direction. That rising wedge is still containing price so anything goes. I favor a break out over the 50 day tomorrow, however, am prepared if it is rejected.
