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

PAYPAL

Wednesday, 29 July 2015

29 Jul 2015 - FED Strong

Markets are bullish on Fed speak.  Prices have also crossed major MA's, with ST's turning UP.  Higher lows are being printed and should caution the bears near term to re-evaluate their analysis.  This rally is becoming a full on rally instead of the corrective rally that I have been leaning towards.

 Things can still change, but for the mean time we should look at a mixed bag of indicators which means this is a hard trade we are faced with, with no clear direction.  Time-frames need to be in SYNC in order to have a low risk trade setup, and with intra-day indicators in OB the whole day, there is still upside potential.

MT: DOWN
ST: UP
PA: UP


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