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

PAYPAL

Monday 13 July 2015

13 Jul 2015 - Above 75MA

Prices are now above their  75 Day MA.  This coupled with a shift in ST to the upside is a bullish sign.  I am still bearish however due to our market signal pointing bearish ----------->

Based on the Fib. levels, price in the SPX is hitting resistance at its 61.8% retracement line.  So tomorrow would be interesting to see if the intra-day charts reverse and out of OS.  I will be looking for weak signals for opportunity to short the market and will wait any rally out.

MT: DOWN
ST: UP
PA: UP


1 comment:

  1. SHORT AT YOUR OWN PERIL!!!!!

    SMALL PULLBACK.....THEN NEW HIGHS!!!!!!!!

    ReplyDelete