Always good to know the bigger picture...she has been travelling within this bullish channel since June 2013 and now at a very important juncture, do we break down or go up, Elliot says we need one more high (Intermediate V) before a more significant correction (Primary IV)!
But QE3 is coming to an end, will the low interest rates and ABS stimulus push her on??
To me you can see she moved sideways to bring down the macd's and overbought RSI's that is normally bullish!But if the uptrend line in place breaks things could get ugly.....!
Time will tell...taking a break until this is resolved, can't really blame her as she had quite an impressive run since February!
A
this could be a good opportunity to get in on that long
Edited by RBM, 12 September 2014 - 03:02 PM.
