I shall still keep my bias on Slight Short side.
Our current position is doing as expect.
Turmoil in US polictic shall bring negative effect on the index.
We will have CHina CCP conference in near future. (pls google for it)
That is going to bring impact.
Trade Safe,
s0nic
Disclaimer :
This analysis not include personal feeling/opinion, and pure base...
The stock indexes are enjoying the breather from NK-USA drama.
In my opion, the drama may not over yet. It is more of take 1 step back before 2 steps adavnce.
This index will be met with BIG resistant of 11700 level.
As long as the level is not broken up strongly. I am seeing beaishness on them.
It is still a SELL to me.
Trade Safe,
s0nic
Disclaimer :...
I am seeing nice early signs of weakening in BULL trend.
It may inch up abit higher but it is surely in a slow mo.
Watch out 11600 level as it is very good support and if that level is broken, more BEARs will be in.
Trade Safe,
s0nic
It appears to me that the Hagopian rule is about to play out and we are getting a chance to enter this trade with a very small stop.
The Hagopian rule
This rule is invoked once a confirmed pitchfork breaks without the price ever reaching the median line, what should follow is a bigger movement in the opposite direction.
