17 Mar 2015 - Mixed Signals

The market today started the day with mixed signals.  This often produces patterns that are either volatile or a non-directional movement.  What occurred is the non-directional movement in price since we did not see any extremes in the indicator to trigger any acceleration in either direction.

https://twitter.com/Pok8Rok8/status/577875937448050689

The ST remains on the Up-trend, while the Intra-day charts looks to continue on its down-trend.  Tomorrow, we should watch for:

- Down trend in the 60min chart and into OS range would confirm bearish, but ST would need to also turn down.  Without the ST following, it would just be a intra-day move down which is not anything solid the bears could stand on.

- Up trend acceleration could occur if intra-day climbs back above the OB range.  Bulls would be happy with this, and in doing so would SYNC back with the ST.

Can't get any clearer than this..  Two scenarios, two great plans.

Speculatively speaking, the pivot high yesterday works with an ABC count to the downside, with a target of 2005 for an A=C pattern.  This would mean the FED has disappointed or market is not believing the FED.. LOL.

MT: DOWN
ST: UP
PA: NA