22 May 2015 - Not Convinced

UPDATE:
Chart to watch;

We should look for the signal to cross the lower half, until that is done the bulls are still in control.

This breakdown if we can call it that is not at all convincing.  Not from a price, pattern, or indicator point of view.  The pattern is triangulating though and it could spell a move higher.  So there will be no resolution to the week other than a another weekly high.  A short and sweet analysis for the weekend.  Sorry I can't elaborate on this but it is what it is... Boring.

MT: UP
ST: UP
PA: NA

I might elaborate on this analysis this weekend so you might want to check back once in a while.

 

BONUS:

"I am describing the outlook that I see as most likely, but based on many years of making economic projections, I can assure you that any specific projection I write down will turn out to be wrong, perhaps markedly so."
                                                                                                                         Janet Yellen