Wednesday, September 5, 2012

Dow Jones ~ Intraday Update ~ 5 September 2012

Still inside the range... : )

Below is a possible bearish count (for the Dow but it also works for the SPX):

At the moment, I'd slightly prefer the bullish over the bearish count (because of the election cycle). But as you can see in the charts, I'd like to see a break of 13200/1416 or 12800/1375 first.