23 Oct 2013

The downward move has not ended yet and we should see a extension of that tomorrow for lower lows, but once lower low has been made, I would suggest looking to see if the rally to the upside has a 3 wave and corrective feel for it.  This should indicate for us that the momentum has switched to the downside.  The 60min level is looking like its making a head and shoulder pattern, but until we have a breakdown from the neckline, nothing is confirmed.

Main-Trend: UP
Short-Term: DOWN