27 Apr 2016 - Basing

The word of the day is "Basing".  The ES from last Wednesday's high has been doing just that and with the SPX also sporting a 3 wave pattern up from this Mondays lows.  The scenario here is for prices to surpass Mondays low, and perhaps tag the 200 MA on the 60 min. chart at 2065 SPX range. This would be in SYNC with our ST sentiments as well.

SEN: Bullish
ST: DOWN
PA: NA