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

PAYPAL

Monday 16 May 2016

16 May 2016 Pos. Divergence

Positive divergence in intra-charts mentioned in last blog indicated the rally in the SPX today.  A reset now is in place for a downside move if intra-chart signal can return to down-trend and exit OB.  Watch for this tomorrow for confirmation of that reset opportunity.

SEN: Bullish (Down-Trending May 5th)
ST: DOWN
PA: NA
R: NA (Possible by open tomorrow if signal is down trend and out of OB)

Still expecting wild volatility swings...






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