Bearish setup continues formation
What is more interesting to me is that the bearish RumWave setup I've been writing about the last couple posts continues to form. Additionally, the DJIA chart is showing a bearish candle on the daily chart and a bearish divergence on the 30 minute chart. The Elliot Wave blogs I follow suggest that this may not be the 5th wave. However one of them does suggest that the market is entering an "inflection point" range that could have significant impact on 2013.
Ultimately, the RumWave chart has not met the "red light" criteria.
TSP: G fund
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GOOD LUCK TOMORROW!