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

PAYPAL

Wednesday 20 July 2016

20 Jul 2016 - EOD

We are now within 5 pts of the SPX target and should start looking for a reversal signal.  While we look for this reversal signal we should stay very disciplined and wait for a confirmation.  With the resets happening the past few trading days it is most likely nearing a high, therefore these signals should be watch very carefully in the case that a long trade was taken.

SEN: Bullish
ST: UP
PA: NA
R: NA

Note: There is a negative divergence in the intra-charts that has been progressing the past few days as well.  While it may not guarantee a reversal, one must also be aware if in the possibility of one occurring.


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