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

PAYPAL

Tuesday 23 June 2015

23 Jun 2015 - Will Tomorrow Be The Day?

On an intra-day basis, a possible 5th wave might still be missing that could push prices to break the previous highs.  We are also experiencing another wedging pattern that is showing up on our charts.  A reversal needs to happen this week sometime or our Bearish Warning signal would be in danger of pushing back up to bullish.  This is why on the chart I posted in regards to the Bullish/Bearish trigger, saying that we should be bearishly cautious with all the volatility taking place every time a price gets smashed down without continuation.  One day we will not see a stall in the breakdown of price and the floor might not be there.  It could already be here...

MT: UP
ST: UP
PA: UP

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