Elliott Wave Live: Churning Higher! Elliott Wave Live: Market Wrap for July 26, 2010

Monday, July 26, 2010

Churning Higher! Elliott Wave Live: Market Wrap for July 26, 2010

CHURNING HIGHER

The market has clawed it's way up to the first major set of Fibonacci levels (1108 - 1112) on lower volume and tested the 200 sma of 1110. 75. In addition, I mentioned several divergences in the Mid Day Review that signal that a near term top may be forthcoming. Review the post if you missed it.

There remains no change in my market forecast otherwise. ( See Week In Review: July 25, 2010 ).

Best of Trading!

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Monday, July 26, 2010

Churning Higher! Elliott Wave Live: Market Wrap for July 26, 2010

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