Tuesday, September 3, 2013

a-b-c bounce up

From Aug 28 low of 1,627 at the open, we have observed on $SPX an a-b-c structure up: 1,646 - 1,628 - 1,651, with a=c.

On $RUT, the down-trend is more evident with a lower low and a lower high registered today.

On the daily charts, we are observing consolidation of a mid-term down market below the 50 DMA.

AAPL failed to close above $500 again today.

Tomorrow? Hard to predict as volatility is increasing

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