Battle Plan Progress 12-12-2013

3 PM: A bounce attempt, but I believe there is another leg down ahead. The question is would we close below the daily trend line or will it hold for another day?

2013-12-12-3 pm - update

1 PM: SPY did not gap down this morning but there is definitely a bearish  pressure to sell, on the other hand there is positive divergence building on the 15 min but the positive divergence on the 60 min is gone and with it the long signal, so maybe we’ll see some kind of a bounce attempt in the afternoon, before another leg down.

Neutral

2013-12-12-1 pm - update