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LLOYDS BANKING GROUP PLC ORD 10P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), POWERHOUSE ENERGY GROUP PLC ORD 0.5P, UK OIL & GAS PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, UNION JACK OIL PLC ORD 0.025P
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A weekly close below 106 area and the JPM goose is cooked
Classic chart pattern. Impulsive move down followed by overlapping upmove to 61% Fib = another sharp leg down to follow in 3 or C.
Classic H+S top pattern formation. Divergent RSI.
Sell current 2410, stop 2550. Looking for 2100 target area coming few months. (risk 140 for profit 310).
The med term H+S top pattern is still valid. Would tkae some impulsive selling to get things moving to the downside but targets would be sub 6k
Impulsive start to move lower in a wave c (or 3)
This is a better view of the 9 year uptrendline on GOOGL I mentioned earlier. If this breaks on a closing basis then minimum 10% downside to 920, more likely a lot lower.
Threatening a daily close (weekly would be ideal) below the 9 year uptrendline since 2009 lows.... this is the KEY for the whole market imo. If this line goes on a closing basis you will start to see heavy selling throughout the market. 10%-20% lower is possible.