4 Apr 2016 - Keeping The Cards Close To The Chest

While markets are still keeping its real intentions hidden from us, the world has been witness to the vast corruption and evasion of past and present politicians, oligarchs, and the uber wealthy all over the world.  How long until we see the real picture of this propped up Bear Market pretending to be a Bull.

Prices in the SPX is still diverging negatively but the intra-charts is still at risk of upside bias.  To top it off, we are now seeing a potential of another smaller diagonal triangle forming.  But to keep this simple, my line for a CIT would be the 200 day MA which is currently converging with the 60min charts 200 moving average as well.  The ES shows that the 200 moving average has been a good barometer for support or resistance.

SEN: Bullish
ST: UP
PA: NA