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Hyvlinge

Sweden OMXS30 - a few zones of support left

Short
OMX Stockholm 30 Index (OMXSTO:OMXS30)  
Hyvlinge Updated   
OMXSTO:OMXS30   OMX Stockholm 30 Index
Chart Patterns
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chartpattern
After having broken down from a near 2 year consolidation pattern things have become a lot more volatile. As of last bounce from low we are looking at a 50% retrace. Not sure it will stop there with S&P and NDQ in hindsight.

My mid term view is that we will make a clear break of 1500 and remain below for quite some time. Bounces may occur from mid 1400 and definitely from low 1400.

/Cheers!
Comment:
Closing shorts here would be prudent.
Comment:
Shorts no longer valid. Start looking for longs.Will post new long chart.
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