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

PAYPAL

Monday, 8 July 2013

8 Jul 2013

The SPX managed to push above the Blue dotted trend line, and it seems we still have at least one more push up to complete a possible divergence on the  60min. before we move lower.  A violation higher past 1655 SPX would negate our 1-2 1-2 count as an EW pattern.

Mid-Term: UP (unconfirmed)
Short-Term: UP

Our indicators says that we are now on an uptrend but our Mid-Term indicator has not confirmed this yet.  A position should be taken for upside on a intra-day basis or set with a stop loss limit.

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