8.14.2012

The market remains in cautiously bullish until bulls win 1407.14 or bears win 1387.09

Yesterday was another day of buy on dip.
Price got 4 times testing the upper line of the symmetrical triangle top during 5 trading days. That looks bullish to me.
If bulls win 1407.14 in next 2 trading days, I guess market will be very bullish next.
If bears win 1387.09 in next 2 trading days, on the other hand, market will turn to bearish at least for short term.


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