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

PAYPAL

Wednesday 29 June 2016

29 Jun 2016 - EOD

Very impulsive move indeed.  The 200 min. MA is at 2080 SPX, so it is possible that price is aiming for this.  The important fact here is that the ST has turned UP, therefore we would be cautious of any downside move until the ST has removed itself and back to a downward trend.  The reset I was looking for this morning did not materialize as our signal did not turn down on an intra-day basis.  I have been cautioning on the volatility of price affecting the signal triggers in which a lag is most likely to occur.

SEN: Bullish (Down-Trending)
ST: UP
PA: UP
R: NA


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