Tuesday April 22, 2014
Chart #1
On the 4 Hour, the market is in the Passive Consolidation Zone between 1294.24 and 1288.95. Notice how the Lower Boundary of the Passive Consolidation Zone on the 4 Hour @1288.95 closely matches the Lower Boundary of the Passive Consolidation Zone on the 8 Hour @1288.23. Also, notice how the Upper Boundary of the Passive Consolidation Zone on the 4 Hour @1294.24 closely matches the Upper Boundary of the Passive Consolidation Zone on the Day @1294.03.
On the 8 Hour, the market is in the Passive Consolidation Zone between 1292.39 and 1288.23.
On the Day, the market is in the Passive Consolidation Zone between 1294.03 and 1280.37.
On the Week, the market is Bearish below 1300.44 with Demand @1272.51.
Chart #2
On the 4 Hour, the market is Bearish below 1291.20 with Demand @1286.68.
On the 8 Hour, the market is Bearish below 1290.48 with Demand @1287.77.
On the Day, the Lower Boundary of the Passive Consolidation Zone now reads 1280.62.
The Week remains unchanged.
Chart #3
On the 4 Hour, Demand is now @1286.65.
On the 8 Hour, (1) the market is Bearish below 1290.34, (2) Supply has overcome Demand such that we have a High, (3) we have a Retracement Level @1290.34.
The Day and the Week remain unchanged.
Chart #4
On the 4 Hour, (1) the market is Bearish below 1290.55, (2) Supply has overcome Demand such that we have a High, (3) we have a Retracement Level @1290.55.
On the 8 Hour, the Retracement Level now reads 1288.70.
On the Day, the Upper Boundary of the Passive Consolidation Zone now reads 1293.85.
The Week remains unchanged.
Chart #5
On the 4 Hour, the market indicates a Bullish Bias above 1278.25. The market becomes Bullish above 1280.78.
On the 8 Hour, the market is Neutral between 1290.48 and 1280.03.
On the Day, the market is Bearish below 1280.62 with Demand @1272.81. The Day holds a Bearish Bias below 1285.18.
On the Week, the market is Bearish below 1300.44 with Demand @1272.44. The Week holds a Bearish Bias below 1305.16.
Chart #6
On the 4 Hour, the market is Bullish above 1280.78 with Supply @1283.56.
On the 8 Hour, the market is Neutral between 1290.48 and 1280.03.
On the Day, the market is in the Passive Consolidation Zone between 1285.18 and 1280.62.
On the Week, the market remains unchanged.
Chart #7 (Last)
On the 4 Hour, the market is in the Passive Consolidation Zone between 1285.59 and 1273.12.
On the 8 Hour, the market is Bullish above 1281.27 with Supply @1288.33.
On the Day, the market is in the Passive Consolidation Zone between 1285.18 and 1280.62.
The Week remains unchanged.
Chart #1
On the 4 Hour, the market is in the Passive Consolidation Zone between 1294.24 and 1288.95. Notice how the Lower Boundary of the Passive Consolidation Zone on the 4 Hour @1288.95 closely matches the Lower Boundary of the Passive Consolidation Zone on the 8 Hour @1288.23. Also, notice how the Upper Boundary of the Passive Consolidation Zone on the 4 Hour @1294.24 closely matches the Upper Boundary of the Passive Consolidation Zone on the Day @1294.03.
On the 8 Hour, the market is in the Passive Consolidation Zone between 1292.39 and 1288.23.
On the Day, the market is in the Passive Consolidation Zone between 1294.03 and 1280.37.
On the Week, the market is Bearish below 1300.44 with Demand @1272.51.
Chart #2
On the 4 Hour, the market is Bearish below 1291.20 with Demand @1286.68.
On the 8 Hour, the market is Bearish below 1290.48 with Demand @1287.77.
On the Day, the Lower Boundary of the Passive Consolidation Zone now reads 1280.62.
The Week remains unchanged.
Chart #3
On the 4 Hour, Demand is now @1286.65.
On the 8 Hour, (1) the market is Bearish below 1290.34, (2) Supply has overcome Demand such that we have a High, (3) we have a Retracement Level @1290.34.
The Day and the Week remain unchanged.
Chart #4
On the 4 Hour, (1) the market is Bearish below 1290.55, (2) Supply has overcome Demand such that we have a High, (3) we have a Retracement Level @1290.55.
On the 8 Hour, the Retracement Level now reads 1288.70.
On the Day, the Upper Boundary of the Passive Consolidation Zone now reads 1293.85.
The Week remains unchanged.
Chart #5
On the 4 Hour, the market indicates a Bullish Bias above 1278.25. The market becomes Bullish above 1280.78.
On the 8 Hour, the market is Neutral between 1290.48 and 1280.03.
On the Day, the market is Bearish below 1280.62 with Demand @1272.81. The Day holds a Bearish Bias below 1285.18.
On the Week, the market is Bearish below 1300.44 with Demand @1272.44. The Week holds a Bearish Bias below 1305.16.
Chart #6
On the 4 Hour, the market is Bullish above 1280.78 with Supply @1283.56.
On the 8 Hour, the market is Neutral between 1290.48 and 1280.03.
On the Day, the market is in the Passive Consolidation Zone between 1285.18 and 1280.62.
On the Week, the market remains unchanged.
Chart #7 (Last)
On the 4 Hour, the market is in the Passive Consolidation Zone between 1285.59 and 1273.12.
On the 8 Hour, the market is Bullish above 1281.27 with Supply @1288.33.
On the Day, the market is in the Passive Consolidation Zone between 1285.18 and 1280.62.
The Week remains unchanged.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".