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

PAYPAL

Friday, 7 October 2016

7 Oct 2016 - EOD, EOW

The SPX has been trading on a tight range, with strong resistance (Purple Trend line) holding since Aug. which is also the natural trendline or vibration of the SPX as shown in subsequent parallel trendlines.  Nothing to suggest a strong bullish or bearish case, but bears have the upper hand here keeping price below resistance.  Levels to watch 2060 and 1900.

SEN: BULLISH ( Down-Trending)
ST: DOWN
PA: NA
R: NA


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