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

PAYPAL

Wednesday 24 August 2016

24 Aug 2016 - EOD

The ST turned down last night on the ES and I figured there was a good chance the SPX would follow in the open, which it has.  We should still be alert for any rally as we remain in this corrective (Sideways) phase.  Any breakdown in a longer term trend would signal that the CIT has been created.  This has not happened yet.

SEN: Bullish
ST: DOWN
PA: DOWN
R: NA


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