7 Jan 2014

Although prices have moved above the 20ma on the 60min chart, our ST still remains on the downside.  So caution should be taken to any upside trade.  Our Intra-Day Chart is also sporting a downside bias.

I mentioned in a previous post before the New Year that we should watch out for JAN. 8th and 12th for a reaction based on the Sq. of 144 time calculations.  There are also some Jan dates to watch for, but for now lets just see what happens on these dates.  Note that a higher high in price would bring the daily stochastics into a possible negative divergence.

MT: UP
ST: DOWN