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

PAYPAL

Wednesday 20 April 2016

20 Apr 2016 - Nice Daily Reversal Candle

The SPX is sporting a reversal candle, and while that may be a compelling trade to go short, our ST remains elevated and UP.  Any speculation trade here should be in a smaller sized trades until signals gets out of the OB situation the market is currently in.

SEN: Bullish
ST: UP
PA: UP

Prices also remains inside a wedging pattern, and makes a strong case for a trade if prices breaks the lines.


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