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


Thursday, 1 September 2016

1 Sept 2016 - EOD

There is a possible Reset signal triggering tomorrow to the downside, and what it will need is for signals to push back down tomorrow.  This reset trigger also confirms the ST bias down if price moves lower.  A rise in the markets will cause a bullish ST, so either way an answer will be had tomorrow of who will control the Short-Term market moves.  Game day for Bulls and Bears.  The trendline supports I mentioned yesterday looked like it would be broken and that would have been bad news for bulls but it held up into the days close.  Knowing the major support lines are important, and today's price action is a very good example.

SEN: Bullish
R: Possible Downside for tomorrow (Negative day will trigger Reset).

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