8 Apr 2016 - Monthly Squeeze

There is not much to add to the immediate term price moves other than the price whipsawing above and below the 200 moving average in the ES.  This has been going on since Monday, but price did end the week below the moving average which is bearish.  On a longer-term view, I wanted to point out if it hasn't been already that the BB lines on the monthly chart are squeezing into a narrow band.  The last time this happened and at much more extreme is in 1994-1995.  Prices in the SPX accelerated furiously for 5 years into the 2000 bubble.  I'm not saying that we would rally the same way as back then, but we would be foolish to think that price action will just continue to move by a few percentage up and down.  Now will be a good time to be aware of a possible run-a-way market move.

SEN: Bullish
ST: DOWN
PA: NA

Since the indicators are not in SYNC with each other, I would sway on making any trades long or short until we get some good cohesion between the ST and the PA at the least.