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


Friday, 15 July 2016

15 Jul 2016 - EOD, EOW

The weekly price bar pierced the upper BB line earlier this week, but the close is what is important here.  The fact price closed the week above the upper BB line is bullish.  Also the Bar created this week is not a reversal type of bar.  Most likely will cause the bar next week to push higher and try for that 2180 range I mentioned before.  A reset has been triggered today for a bias upside move, Although based on my target if correct, there wouldn't be much of this upside left, but lets leave it to the indicator to do its job.

SEN: Bullish
R: Jul 15 (bias upside)

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