wish you all the best.
Comment:
Going a way from channel's line, is not good from a technical point of view+ we have retested the broken line !. we shall see.
Comment:
A confirmed break out to the down side, this would be the 3ed sector of SPX to do so.
Comment:
We have already retested the broken channel, and still going higher perhaps more
fundamentals here are more important than technical " Zero interest rates ".
Usually long time side way movements leads to big time break outs. It looks more
like an ABC corrective wave. We are in B wave if my count is correct, and we
should be or about to start wave c.
wish you all the best.
fundamentals here are more important than technical " Zero interest rates ".
Usually long time side way movements leads to big time break outs. It looks more
like an ABC corrective wave. We are in B wave if my count is correct, and we
should be or about to start wave c.
wish you all the best.
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
1/ 12 days below channel line is not good at all like bad
2/ we actually retest the lower channel line and dropped which kind of confirming that we are in a pullback move.
3/ possible outcome 1st target is 208 (9 % pullback to say the least.)
4/ breaking that is we need to reach 180 the same width of the channel.
something is about to happen technical wise channel wise.
wish u all the best.