Mid-Term: DOWN
Short-Term: UP
For Bearish sake I have put a count below of what it could possibly look like going down. This of course would lead to a violent push downward.
Tuesday 11 June 2013
11 Jun 2013
Critical point for Bears is the low on Jun 6. This low needs to be taken out for a bearish continuation. The pattern though still looks Corrective down and the risk is for more upside potential. A push up in prices by SPX without breaking the High on May 31st would be a good pattern for EW Bears. Which keeps a possible (1-2, 1-2, 1-2) down.
Mid-Term: DOWN
Short-Term: UP
For Bearish sake I have put a count below of what it could possibly look like going down. This of course would lead to a violent push downward.
NOTE: Longer term trend is still in an upward bias. But we act on our indicator with caution until we get a confirmation.
Mid-Term: DOWN
Short-Term: UP
For Bearish sake I have put a count below of what it could possibly look like going down. This of course would lead to a violent push downward.
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