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


Friday, 22 April 2016

22 Apr 2016 - Beginning Of The End?

Is this the start of the down phase?  ST did turn down today and came out of OB.  This should be some good signs for bears to close out the week regardless of the bounce at the end of the day.  Prices remained supported by the 75 MA on the 60 min. chart.  Any push lower should find support on the 200 day MA as a test.  The intra-charts are not yet bearish, but as long as the ST is down, risk is favouring the down side.

SEN: Bullish

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