6 Mar 2015 - Hit.. Now What?

Yesterdays outlook of 2080-2070 was hit be it on the lower end of the range.  This was brought on by the OS condition which accelerated prices to the downside.  The price has closed above the 2070 just under the 60min charts 200MA. 

So what now?  Next week we will be looking at whether the support holds or continues lower.  This is due to the OS condition mentioned above which is still currently in OS in the intra-day.  I would suggest holding on to shorts if you still have it until the OS range is exited by intra-day signals.

There is a possible Bearish Count that I presented at the bottom.  Ultimately, we are still in an MT - UP trend, but that can change by next week if we do not rally.  So the bearish count although price looks to be in a corrective pattern should also be considered.

MT: UP
ST: DOWN
PA: DOWN