1 Feb 2016 - Slow Levitation

Prices were nowhere near excited to move down or up, but the bias is still for an uptrend.  The push looks to be nearing the 200ma on the 60min chart, but am not sure if it will surpass that and try for the 50% ret. level at 1963 I discussed last week.  Either way it looks a bit stretched, and price is following the same angle in time as the 1st leg up (Blue-a).  With an a=c target of 1963, there is a good chance prices meets its target.

We are forming a neg. divergence in the intra-charts.  So beware of reversals especially if signals become bearish.  I am liking this move to a similar move during the early part of Sept. 2015..  The question will be what the outcome of a reversal will look like for our signals and indicator. But as the ST states, it's still UP.

SEN: Bearish
ST: UP
PA: UP

While the price stagnated today, the PA has been changed to UP with a risk of acceleration over time signaled.