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

PAYPAL

Monday 1 June 2015

1st June 2015 - Still In A Stalemate

Despite the rally today,  momentum still was not enough to call a definite win for either bullish/bearish side.  You can see the evidence left by the indicator which is hovering and crossing in and out of the mid-line on the intra-day chart below.  None of the signals have pushed into its OB / OS range.

MT: DOWN
ST: DOWN
PA: NA

Since the MT has shifted to the down-trend, this would confirm the weakness that is affecting price on the SPX even while prices lingers at their highs.

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