“Those who have knowledge don’t predict. Those who predict don’t have knowledge.” Lao Tzu, Chinese philosopher, 6th century BC

PAYPAL

Monday 15 July 2013

15 Jul 2013

The markets today seemed to have taken a breather or it is having a hard time with some resistance lines.  Notice also that on the 60min SPX chart below that the MACD is looking rather weak, with the Stoch. curling down.  We can only be safe to say that a 60min has turned down when the stochastics has actually crossed below the 80.

Mid-Term: UP
Short-Term: UP

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