3 Aug 2015 - It Can Still Go Both Ways

Looks as if prices in the SPX is still in between a down sloping resistance and a rising support.  This can still go both ways.  The ST however has turned down today so in the near term things seem to be bearish.  Depending on your investment strategy, the MT (Mid-Term) is open to an upside bias.  As I have said in the past, when indicators are not in agreement it is best left to clear itself out.

If you are the risk averse, then ideally it is better to be consistent and work with a time frame that works for you rather than jumping from one time-frame to another.

Looks like China has indeed signaled a weakening world economy, and what better way to say it than to look at one mans misery.  I have linked a blog Shared by "The Sentiment Trader" which confirms our belief that something wicked this way comes.

MT: UP
ST: DOWN
PA: DOWN