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

PAYPAL

Friday 27 February 2015

27 Feb 2015 - Reset?

The ST is still in OB territory, yet the intra-day charts are closing in on OS range.  Could this be another reset for higher highs to come or will there be a sustained move by the intra-day to OS manipulating the ST to turn down?  Current support 2098 for the SPX could just be the perfect spot for a sub-wave 4.  For now though the bias is still to the upside.

MT: UP
ST: UP
PA: NA

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