So we have broken out of that all important long standing supporting trend. We are now seeing a slight retrace before, what I believe will be a further bearish push. There are 2 levels of resistance in which I am looking for a rejection. With the news this afternoon we may see a spike up before the downward movement, or this could simple fall through the floor.
My initial target is 1900.
My initial target is 1900.
Comment:
So we had a nice spike up and I am now well in profit