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

PAYPAL

Monday 28 March 2016

28 Mar 2016 - Nice Daily Indecision

The ST is now downward trending, and the daily candle has also sported an indecisive candle.  Today's high in the SPX also tagged the Gann angle from below but not exceeded.  With the sentiment being at a Bullish stance, prices trending would need to look at pivot lows to see if we can get higher lows to confirm the bullishness or lower highs for a clue that the bears are currently in for a rundown.  SPX 2000 to 1980 is the level to watch for intermediate support, but would need to overcome the 2016.65 (200 day MA) SPX support beforehand.

SEN: Bullish
ST: DOWN
PA: NA






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