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

PAYPAL

Friday, 11 October 2013

11 Oct 2013

The SPX managed to hit our angle.  We have been overbought for the past 2 days, and although I did not see a retracement or correction, I still do expect one. 

We have a reversal candle on the weekly chart, so this can be a precursor to more upside. 

Main-Trend: DOWN
Short-Term: UP


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