9 Apr 2015 - Resistance Broken To Upside

The sideways trend this trading week has been broken to the upside.  I didn't think it would ever come, but the ST has proven itself again..  If we continued the weak sideways move, I believe the ST would have eventually moved to the downside. For now the Up trend is intact.. and Intra-day Stoch. has entered OB by the end of trading hours.  This raises probability of an acceleration up.  We can't say for certain that anything will materialize out of the OB reading, because it will depend on how the futures performs overnight, however we must apply the risk and probability of those signals.  If Intra-day signals moves out of OB then there would be less risk on acceleration in prices to the upside.

MT: DOWN
ST: UP
PA: UP