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

PAYPAL

Monday 25 July 2016

Jul 25 2016 - EOD

Markets are still poised to move higher and possibly break the trendline that I drew last week that is holding prices at resistance on the SPX.  I do believe though that once it is broken and a higher high is made that we should be on the lookout for a pullback.

SEN: Bullish
ST: UP
PA: UP
R: Jul 25th

Note: Rare to see 4 reset signals in such close trading days yet prices are still forming a sideways move.  The momentum here could be signalling some sort of weakness, so perhaps a final push to HH.


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