23 Dec 2014 - Still Looking For A Correction..

The 60min chart is showing negative divergence but there are no indications that our ST is turning over.  Therefore, any move lower would be considered a correction until an ST is established to change any trend.

With the new high we made today, the weekly chart is not in negative divergence as well.  A reversal of the markets would raise the potential that an ST CIT is not only at hand, but that the longer term CIT could last weeks to a month or so.

MT:UP
ST: UP
PA: NA