19 Mar 2014 - Taking a Breather?

Intra-day time frame indicated that the trend is down throughout the day, but turned up by the last few hours of trading.  The UP trend is now in SYNC with the ST, and acceleration risk of upside can occur of the intra-day trend continues tomorrow to the OB range.  The EW pattern we threw out there yesterday is still holding. 

We should look to the 60min indicator tomorrow to see where the trend goes.  Gauging the trend of the 60min allows us to get into a trade much earlier than if we are trading a specific time frame but must be in the same direction. 

MT: DOWN
ST: UP
PA: NA

 

BONUS:  As per request here is the chart of the Boom and Recession Trend that we are watching.  The signal is down and approaching that line that can push us again into a possible recession warning.