2 Sept 2016 - EOD, EOW

A bullish open has turned the ST over to the bullish camp as well.  The possible reset I mentioned last night never materialized based on our analysis that only a cross down in our signal would this be possible.  The HH and ATH is again at play if the signals can finally push above a resistance zone.

This week the monthly ended with a bearish candle formation and while it is bearish, prices can still rise into ATH.  The fact that we have sitting around this range for a few months now would give me the inclination that price will push above it.  We however must follow the signals generated by the indicators.  Next week, if price manage to make a new all time high and reverse, look for a signal divergence on a weekly scale as well.  I am watching for the end of next week as a possible CIT based on Pancholi's forecast that Sept. 9 is the date to watch for a CIT.  Therefore for his forecast to come to fruition, signals should at least lead us to clues as to its intentions or confirmation.

SEN: Bullish
ST: UP
PA: NA
R:  NA

Notice also that the ST's have been clustering as of late.  Usually this type of environment proves to be volatile when it breaks.