(Click On Chart To Enlarge)
From yesterday:
"The Bulls still have a chance to put in Data Point #4 of this pattern in purple and resolve it to the upside, but they'd better look sharp about it or this simply could roll over and die."
Bulls did what they needed to do yesterday, and did it on horrible news: a record drop in housing prices, and a record drop in consumer sentiment. So far, so good. Bulls still need to take out NASDAQ 1603.
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