I've been seeing a lot of ideas and predictions I don't agree with, regarding the US100. GUYS!?, what you need to understand is that moving a trend line a little lower just below where price closed does not make it a reality that the US100 is still holding a support line, ok? lets not kid ourselves. This week fluctuations are expected leaving us with long wicks. The wick of the weekly candle extending towards 15800, and the lower extending to 15092 as well as closing in red is highly likely. Alright now, breaking below ascending support is what happened on Friday, followed by a not so sharp recovery back to that ascending support(AS) but then it did not even make it above AS before it fell back to weak horizontal support(WHS) it tried once more, with no success; closing the weekly at WHS. What do you think this means, what? that we can just move the lines a bit lower and now were fine, its still showing strength? come on guys stop, just stop.
Now it also formed another minor AS on the 5min timeframe that it held and bounced off of by the end of the day (during market open) but then during post market it broke below, and i do not consider that to be a legitimate breakout. Which might help boost us to 15800 to begin with.
Here are the predictions:
15800 at its best this week, showing hope, then a drop at its worse 15092, and peace out.
Now it also formed another minor AS on the 5min timeframe that it held and bounced off of by the end of the day (during market open) but then during post market it broke below, and i do not consider that to be a legitimate breakout. Which might help boost us to 15800 to begin with.
Here are the predictions:
15800 at its best this week, showing hope, then a drop at its worse 15092, and peace out.
