Thursday, June 12, 2014

Morning Charts 06/12/14

Let's try this again?

Minis 5m - Rising pink channel breaking down again. Yesterday we did not freak out as we pretty much knew the PPT would intervene, and of course they did at the first sign of any weakness. Today may be a bit different, but I still recommend some caution if you are short.

Minis 60m - Let's see if they can at least take it to the 1915 area for some sort of corrective. 1895 is 61% of the recent rise and is just above red death support. This is as far as they will allow anything to go.

It's nasty out there and only gonna get worse. Stay safe my friends.

More to come below.

Have you shared STB lately?

Have a good day.

GL and GB!

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