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

PAYPAL

Tuesday 16 February 2016

16 Feb 2016 - Market Gets Valentine Love

As the last post stated, the signal is OB and could push impulsively.  It doesn't matter what we think, in the end our biases will get the best of us.  The intra-charts sported an OB signal all day and the proof is in the 30+ pt. in the SPX.  I do believe this rise is due to the Option Expiration happening this Friday.  Therefore I am expecting this rally to at least last till the end of the week.

SEN: Bearish
ST: UP
PA: UP


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