The move lower is not a surprise the divergence was visible yesterday but it is deeper than expected so inverted H&S or X wave and lower low... are equally probable now. The action around the 1500 area will give us the answer.
Mar 1, 2013
Short term update
UPDATE: I do not what to say, I do not know if this is bearish or bullish.... in no mans land. A lot of reversals, range for more than a month. One is sure this behavior means we should prepare for the next big move lower or higher.
The move lower is not a surprise the divergence was visible yesterday but it is deeper than expected so inverted H&S or X wave and lower low... are equally probable now. The action around the 1500 area will give us the answer.
The move lower is not a surprise the divergence was visible yesterday but it is deeper than expected so inverted H&S or X wave and lower low... are equally probable now. The action around the 1500 area will give us the answer.
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