7 Apr 2015 - Bearish Advantage

The market could not hold up its positive move today even with a intra-day high.  The Stoch. on the 60min chart has also now exited the OB range without any price acceleration to the upside while it was in the OB territory.  This is signalling weakness, along with a voided triangular pattern that we were watching out for.  I would look for intra-day trends to be in the down and accelerative position.  These would confirm the bearish sentiment that we are currently setup for.

MT: DOWN
ST: DOWN
PA: DOWN