10 Dec 2015 - Itching

There are good reasons why my fingers are itching to just trade something, but this sideways market has been a true test to patience.  I believe soon enough that this market will resolve this consolidation, and it is no surprise that the proving ground here is the 200 day MA.  The negative divergence I mentioned yesterday is still in play in the intra-day charts even with the reversal at the end of the day.  Can we still test the 2020 or 2010 level?  The intra-day chart is leaning for a downside bias based on today's close so lets keep this in mind and plan for that scenario tomorrow.

SEN: Bearish
ST: DOWN
PA: DOWN