11 Mar 2014

Pattern today looked impulsive but not enough to omit  a still ongoing correction.  We need to see intraday charts go into oversold conditions so we can see a run to the downside in prices.  Our 60min 75ma was the underlying support today and need to stay that way for the bulls to maintain  strength for an uptrend.

I can't say how long the bullish trend would go if we start moving higher but I would say staying out of the market as it makes its way higher or placing a small trade is a better choice.  There is no need to pick tops.

MT: UP
ST: UP (Neg. Div.)
PA: UP

All three indicators above are still stating a bullish sentiment.