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


Thursday, 7 July 2016

7 Jul 2016 - EOD

Intra-day Neg. Divergence has occurred, so be on your toes, even if that divergence is not as evident on the charts.  ST is still UP, so a contradicting position as to how to trade this.  On an intra-day basis it is on a short trade bias, meaning this counter trend should be intra-day trade until it can be confirmed.  The rally today near the end of the day is also a reset made by the intra day chart, which is biased to the upside.

SEN: Bullish (Down-Trending)
R: Jul 6th


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