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

PAYPAL

Friday, 30 September 2016

30 Sept 2016 - EOD, EOW, EOM, EOQ

Although there is a divergence on a QTRLY and MONTHLY chart, the candle that formed however was not complementing a reversal lower.  This increases the odds of new highs coming in the near term.  A candle bar alone is not a standalone indicator of things to come but when one does not jive with the other, the probability ratio changes.  In this case a downside bias for bears are lower now and continues to the next Quarter or Month.  Perhaps if a bearish move comes will be based on Weekly duration since the longer term still shows a bullish sentiment.  Who knows what DB, WFC the FED or Pres. Election brings us this weekend.

SEN: Bullish
ST: UP
PA: UP
R: Sept 30 UP


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