Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
Possibly support at around 2700 is my guess.
long 2713.25 tagging along with 2500 car buy at top of consolidation area.
Exit 2720 on possible volume exhaustion. net +6
Current floor in the market looks to be around 2670. Market can be traded long with stops below 2670 in my view.
Ok to give it the run down - I`ve been watching these indices for sometime now and to my accredit evaluation of the Dow Jones 30 - S&P 500 - FTSE 100 indices all of the aforementioned have been arriving at An Overbought Value State for sometime now - I think that this was per- ending 2017 - Its because the trends are moving so slow that I think that people forget where the Trend will end - And due to the Market Participants have been at it for the past 9 years within the Uptrend Phase they tend to get forgetful - This Current Phase of Large Monthly Chart Spike Down Low appearing on 29th/01/2108 may just act as A Warning that in fact these Indices have arrived at the Monthly Chart Highs so closer Monitoring & Evaluation is needed here before Pulling the Plug from out of the socket as it were - So the Low Side should prove as on equal interest this will all depend on who is trading the Derivatives at present time and as to traders risk appetite. - As added Advise - I do not trade this type of Derivatives myself because I can simply see that the lengths across A Good Support Level ending At A Good Resistance Level is far to long regarding Human Consumption Or as to the needs of the Forex Retail Consumer to put it another way.
Long 2716.75 Initial stop 2668.00
Disregard what - You are not the only one to speck on this forum - But I can see by this time you are thinking that you are. - Only a fool lays claim to what will not hurt & to you its hearing the truth. - Have the years on earning nothing instilled into your very bones. - I will not listen or pay attention to he that objects me - Is that it Little Boy.
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