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| Lower Highs and Lower Lows Does not look good if you are bullish on this market does it? But wait, it's like Rock Paper Scissors, QE beats all! |
We put in the top of this move at 1345 and we have had multiple attempts to get back up there and failed, then 1333 became the ceiling and we could quite stay there and then we broke through the floor at the 50dma 1294 or so, and so now what, well now we wait for "The Bernank". Cause QE3 and well be at 1345 in a day.
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