A higher low not breaching the 1815 range for the SPX would suggest that this is going higher. Todays price was held together by the 60min 75ma at 1838.40 currently.
MT: DOWN (Still OB)
ST: DOWN
PA: UP
Tuesday, 21 January 2014
21 Jan 2014
The highs made on the 15th is still intact. Todays move up could be a measure of a minute degree Wave C (impulsive up). This Wave C either finished a 2nd wave or a B wave which was then followed by another impulsive move down. The move down can be classified either as a smaller degree 1st wave or a C wave to finish off a bullish 2nd wave (This would be followed by a 3rd wave impulse higher (not shown on chart). There are numerous numbers of scenario, but since our ST turned down today we showed the possibility of counts that are in their down-trend.
A higher low not breaching the 1815 range for the SPX would suggest that this is going higher. Todays price was held together by the 60min 75ma at 1838.40 currently.
MT: DOWN (Still OB)
ST: DOWN
PA: UP
A higher low not breaching the 1815 range for the SPX would suggest that this is going higher. Todays price was held together by the 60min 75ma at 1838.40 currently.
MT: DOWN (Still OB)
ST: DOWN
PA: UP
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