"At Your Service. The Buffet is Set and Ready. The Tray is on a Tilt!"
2D, 15m. - Apr. 14 - Important points here are that price action was below the 20 Day Moving Average which most traders consider as the "Holy Grail." In fact many use the 20 Day Moving Average as a line to play their trade off of. In other words, just dance along the top of or just below the 20 Day. That is for some a "simple strategy" to follow.
10D, Hourly - Apr. 14 - "The Tray is Tilted." Within the intermediate term bullish trend there is this shorter term tilt to the downside that can be seen in the above chart. This could result in a continued downward movement on Wednesday and could be followed by a "Bounce."
3M, Daily - Apr. 14 - Daily Bullish Trend continues but is running into Resistance at the 88 level. There are multiple gaps within the Trend which are symptomatic of the volatility in this market. The Trend is Bullish and the MACD is Black which is Bullish. The CCI is above the Zero line which is Bullish. Having said this we know that the market is fickle and will do what it wants.
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