9 Jun 2016 - EOD

If weekly divergence is to happen, price must draw down by end of day tomorrow or the signal will make and print the higher high negating any neg. divergence.

SEN: Bullish
ST: UP
PA: UP
R: Jun 9 (Upside Bias)

9 Jun 2016 - EOD

Looks like the high should be nearing in EW count from the lows of May 19th.  This move from the lows can be construed as a b-wave end or a 5th of a C-wave 2.

However, the indicators still feels and shows bullishness so again caution on shorting opportunities until a confirmation can be had.

SEN: Bullish
ST: UP
PA: UP
R: NA

7 Jun 2016 - EOD

Negative divergence are starting to roll over but is still in OB range.  With PA still UP, risk should be minimized for a short.

SEN: Bullish
ST: UP
PA: UP
R: NA

Weekly Chart:

6 Jun 2016 - EOD

Not surprising the rise to a higher high since April.  This was expected and would see the weekly chart we are watching fulfill our expectation of a negative divergence on a longer term time-frame.  Because of volatility, I would not expect the ST react fast enough on a CIT.  Therefore, one must exercise caution when trading the downside, and make sure an exit is in place.  Perhaps a 5th of C has topped and a 3rd wave to begin, or a b-wave top has ended and c-wave retracement to perhaps 1920 is starting.  Either way, I am expecting a pull back and that is the important take from all these EW options.

SEN: Bullish
ST: UP
PA: UP
R: NA (Upside Bias)

3 June 2016 - EOD, EOW

Expecting a higher high to exceed the high made in April to complete the minimum Neg. Divergence on the weekly chart.  For some, the close this week is higher than the close of the weekly high made in April so in that retro-spec. the divergence could be in place.

Watch for a CIT that would push prices for weeks to lower levels once the signal in the weekly exits its OB range.  200 WKLY MA is at 1850, which should be nearing a the levels of the past lows spanning 2.5 years (Aug. 2015, Oct 2014, April 2014).

Immediate time-frame still favours the up-trend where our ST and PA is pointing, keeping things in SYNC.  First straight forward analysis we have had in a while.

SEN: Bullish
ST: UP
PA: UP

2 June 2016 - EOD

SEN: Bullish

ST: UP

PA: UP

R:  May 31st (UP)

1 June 2016 EOD

SEN: Bullish
ST: UP
PA: UP
R: May 31st (Last reset signal with upside bias)