All indices at Trendline resistances and some at resistance levels.
SPX and TRAN at MA(50) resistance.
INDU and SPX 3-wave UP may be Wave 2.a-.b-.c.
Wave 3 may begin soon.
SPX and TRAN at MA(50) resistance.
INDU and SPX 3-wave UP may be Wave 2.a-.b-.c.
Wave 3 may begin soon.
Quote from mu200411:08-31-13 08:29 PM
INDU rebounded to near 15100 as expected, then fell as "sHs" to 14750.
Next may fall to 14550.
SPX fell from MA(50) to 1630.
Next may fall to 1600.
NASDAQ fell to MA(50) as expected.
TRAN fell from 6550 as expected.
Now at 6250, next may be 6170.
UTIL fell from 485 as expected.
Now at 477, next may be 465.
http://www.elitetrader.com/vb/attachment.php?s=&postid=3866641