22 Oct 2014

Prices stopped short of the 75ma on the 60min chart.  Yesterday I mentioned that the possibility of a continued price action higher could occur and that the target would be near the 75ma of the 60min chart.  Right now the ST has not changed and we should not jump the gun so we would need to see if we can get some confirmation first before we can enter the short position.  Current target for a correction is 1880.  Anything below this might cause me to label the run an impulsive move and possible lower lows.

MT: DOWN
ST: UP
PS: NA