7 Apr 2016 - Break

Once again, the 200 MA in the ES hourly chart has been broken as made aware in yesterdays post.  With today's move into OS with the intra-charts, we were able to see the acceleration down as well.  There is no positive divergence and prices in the SPX has produced a lower low which suggest that lower prices should follow.  Again, the 200 day MA will be the resting point as it finds out how strong this support will be.  As can be seen below, the 60 minutes 200 moving average also within the range.

SEN: Bullish
ST: DOWN
PA: DOWN