Have tried to short it couple of times this year and been very off with my predictions. It is quite hard to imagine it hitting even higher levels without rest, retest of trendlines or gap fillings, then look at NIKKEI index during the period of 1987-1989. Intrest rates are low and FED has not started to scale back on its balance sheet(even thou they have been thinkig about it for whole year..). I would belive that real downturn for this index would start when FED starts to raise interest rates faster and balance sheet starts to get the 50 B a month scaleback...so somewhere around 2018 should the real bear come in. Till that time comes, all assets prices can rise exponentially. Even so, I would ilke to think a small and quick correction of a 1000 or a bit more should be at hand. Quick crash that will be quickly bought up.
Comment:
So, seems bullish till new year. I think it will gap up open on first of january 2018 and then it will start to fall and continue to fall for months. Will not even look at this pair till last day of 2017. Year off with my prediction on this one.