9 Oct 2015 - Reluctance

Market is reluctant to move higher and just as reluctant to move lower.  Divergence in intra-day chart seems to suggest that we should see a down turn, but a sustained push lower would still need to be determined.  Perhaps Monday would see prices finally move.  The weekly chart is still showing that 2023 as the lined resistance made by the 75 wkly MA.  This resistance line is also being confirmed and converged by the daily 75MA.  This in theory should provide a good stopping point.

SEN: Bearish
ST: UP
PA: NA