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Wednesday, October 01, 2014 11:40:14 AM
Ideal bottoms are accompanied by a low 13,8,3 stochastic on the 1 and 2 hr charts which need more down right now. The second chart, NAMO didn't reach the lower line a few days ago and is another bottom call. The third chart is SPX monthly and shows we hit (And maybe just a bit more) the lower wedge TL. The RSI on this chart would be ideal to hit the 70 level before the final run up, we're a point shy now. I would think we will hover aound this level or return to the bottom if we run up to try to get this right.
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