More ugly than good here. However, with PA2 and PA9 both above their respective zero lines there remains a slight edge for the bulls. I won't consider a new entry until we have full positive convergence, green backgrounds and white diamonds. A couple strong days could do it but a break below the congestion of late would probably bring on many problemas. 3/16/18
The chart does not offer much encouragement for bulls or bears. I guess sidewinders are enjoying this. I'm not sure what a sidewinder is except a rattlesnake and that's about what this current market is. Maybe a sidewinder would be a trader who trades while handling snakes like some churches where they pray while dancing and holding snakes...... there's a great episode of Justified where Boyd brought a timber rattler to church. I miss Justified. 3/17/18
However, with PA2 and PA9 both above their respective zero lines there remains a slight edge for the bulls. I won't consider a new entry until we have full positive convergence, green backgrounds and white diamonds. A couple strong days could do it but a break below the congestion of late would probably bring on many problemas. 3/16/18