Quick Market Update

I don't see near term action doing anything other than giving up today's gains.

There's a possibility of building support at this morning's intraday low, but as of now I HAVE NO EVIDENCE WHATSOEVER TO POINT TO THAT as the charts (intraday) are still negative, it's not like they are showing positive divergences in to lower prices intraday suggesting a base, but we also aren't in the area.

I suspect this has more to do with keeping the market fairly neutral "looking" ahead of the F_O_M_C tomorrow afternoon for whatever reason.

Remember, while not common, we have caught at least 2 F_O_M_C leaks in the past on the same day with very strong, unusual 3C signals that gave away the leak hours before hand.

The larger picture charts are all negative and show the highest probability is for all of this to end on the downside and that's not even including my next post.

However right now index futures are still mixed through the 7-15 min timeframes and they should all line up nice and neatly with the watchlist stocks when the market is ready, I can't imagine we are far from it in terms of the April run.

Our trades are entered on objective evidence and STRONG probabilities, we have a lot of strong strategic probabilities, it's the short term tactical entry that I'm waiting for and so far, it has been the right thing to do.

More to follow.

Oh and mom came out of surgery fine so far, haven't seen her yet, I understand it will be painful. Thank you for all the well wishes and emails!