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

PAYPAL

Monday, 6 July 2015

6 Jul 2015 - Looking For A Push Lower

I am looking for a push lower in the near term, but we could be waiting for a possible triangular pattern to form before that lower low occurs. At a minimum it would need to be an a-b-c pattern.  I do however suspect that the March lows will be a support zone, and could produce a bounce in SPX price.

MT: DOWN
ST:  UP
PA: DOWN


I would like to see the Intra-day chart turn back up above the OB reading to have this pattern I drew up, have a chance in happening.

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