Oct 1, 2014
Is the reversal around the corner? See the daily chart from the weekly review - we are now at the trend line and support line with MACD divergence on the hourly chart. The forecast from yesterday is playing out so far. SP500 bounced exactly at the lower support line. It is simple - the bears should move the price sharply lower through the support zone for wave 3. If they fail we will have a bottom.