Tuesday, April 16, 2013
Fibonacci Minutes 1-610
The Double Moving Averages (MA's) caught price once more on the 610 minute time interval. It is of note that the lower intervals show the MA's acting here as resistance, particularly on the 233 and 55 minute. Woodie's CCI confirmed trend early on the lower levels but has yet to pull out of a possible downtrend on the 233 and 610 minute intervals. The Ergodic Oscillator is right at the zero line on the 610; if it does not turn up here there will be a significant liquidation at tomorrows open. Watch the Double Stochastic carefully to see whether the Fast will continue to pull the slow down or vice versa. Another inflection point at tomorrows open.