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

PAYPAL

Tuesday, 28 June 2016

27 Jun 2016 - EOD

Broken 200 MA without a blink of an eye.  If SPX continues downward, my next target would be in the 1970 to 1940 level.  These level would fall inline with a wave-2 forecast.  Keep in mind that the wave 3 still exist with the impulsive move indicating that it is still very much in control.

SEN: Bullish (Down Trending)
ST: DOWN
PA: DOWN
R: NA

Note: Any volatile move upwards will cause signals to lag, but a strong push back above the 2020 level would suggest we are at least at a temporary support zone.  Possibly an opportunity if ST stays down that we could get a Reset signal that favour the downside.



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