“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

28 Jun 2016 - EOD

The rally extended from last night is quite long in the tooth.  The ES still has a reset signal in effect for a downside bias.  If the SPX Intra-day chart turns down tomorrow, it will signal the reset in the cash market for a downside bias.  Note though that with today's push above the 200 day MA, the ST should turn up tomorrow.  However as I said, if the signal turns down tomorrow, it is palpable that the ST can remain down.

SEN: Bullish (Down Trending)
ST: DOWN
PA: DOWN
R: Possible for 29 Jun a.m.


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