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


Monday, 11 April 2016

11 Apr 2016 - Love Triangle

There could be a triangle forming in the intra-charts, but cant be really sure until it breaks above the blue dotted line above.  The patterns from the highs initially presented some impulsive moves, but since then prices have been choppy and range bound.  Characteristics of triangle consolidating moves.  Bearish if it falls below the 60min 200 moving average and Bullish if it pushes above 2070 in the SPX.

SEN: Bullish

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