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

PAYPAL

Tuesday 28 July 2015

28 Jul 2015 - Stuck In The Middle

It is no surprise that price have bounced from the 200 day moving average as it is becoming a critical last line of support, but today's prices have been held back by the 200 and 75ma resistance of the 60 min. chart.  We should see soon if this is or isn't the one that carries prices down into a multi-month downtrend.

MT: DOWN
ST: DOWN
PA: UP


No comments:

Post a Comment