“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