Monday, January 13, 2014

Looks like the US is going to correct for a bit

Two more charts and then I'm done for the day:

Both made a lower high, then punched through the short-term EMA.

So I guess we're going to get another "OMG we're scared of earnings" correction this month.

Probably won't be a big deal, but maybe we even punch through the SMA(50) and discount all the gains made since November.

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