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

PAYPAL

Monday 20 July 2015

20 Jul 2015 - ES Hits ATH

Futures were out of the gates early and hitting and surpassing its ATH.  The SPX though is lagging, but is just shy of the ATH at this point.  OB conditions creates these types of price action, and so long as it stays within the range, I do not expect any surprises other than upside surprises. 

I am still bearish even with an ATH knocking at the doorstep as the market indicator is showing us that we are in a bearish condition.  This ATH just shows that the markets are diverging.

MT: UP
ST: UP
PA: NA


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