18 Apr 2016 - Is The Elevator At The Top Floor?

The intra-charts seem to suggest and EW 5 sub-wave has formed, but it won't be confirmed unless prices falls below 2030 range just under the green (wave 4 ).  Then a test of the 200 day moving average.  These supports should be important in some capacity.  A price with no reaction to these levels would leave me perplexed and highly worrisome.

Everything else is highly elevated and OB.  Signals are negatively diverging though so depending on the time-frame you follow, I would suggest pulling the trigger once that signal exits its extreme reading (long or short).  This strategy would protect against volatile moves, similar to what we saw today with price starting the day negative only to be reversed quickly and close in extreme positive value.  Whatever you may say or think to try to explain this so called manipulation can be explained with one word using my analysis.. OB..

SEN: Bullish
ST: UP
PA: UP