Daily Recap 2-5-2014 – A quick Dip

Like I wrote yesterday the odds were we have another push down and this morning SPY took a quick dip to make a new low and after that everything else was pretty boring. As I twitted during trade hours we might be seeing a repeat of the last consolidation pattern, if this is correct then we are looking at another leg down tomorrow.

2014-2-5-3-20 pm - update

On the daily we had a touch of the lower channel line and a bounce so maybe some rally ahead.

2014-2-5-Daily

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