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

PAYPAL

Monday 18 May 2015

18 May 2015 - Still Inching...

Prices for the SPX has finally made a new high, but it was a struggle from the 1 fact that our signals have been on OB and accelerative mode for quite a few days.  Now that we have made a higher high my expectations have been met, but on an EW form ... Still lacking one full wave higher.  Im not as concerned about this too much.

Those who are long should look at profit taking when the signal exits OB range in the intra-day charts.  I do not think volatility is over, and far from it.

MT: UP
ST: UP
PA: UP


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