Stalled at the Open for now. Chances of a reversal back to the HOD by the Close should be slim by now, but it can happen. Most likely closing in this range (4200 - 4210).
I am not a bear, I just have a short on, pure speculative, nothing fundamental about my reasoning, European markets are all at ATH and divergencies across the board on like weekly charts, it is an exciting juncture. If you see, correction, if I see this, I gotta sell it, not flipping buy it
Euro indexes have major divergences on weekly charts, most at ATH, US earning season almost done with, NDX has not cleared previous major resistance level hence to say I am still alive LOL, SPX could have double top in it too. I smell a correction. We are due a correction technically, unrealistic to just keep advancing on the back of NDX
Agreed. I was thinking we'd push a bit higher first before a correction, but maybe this was it? Last week's 50 % at 74. A level of interest, so it would be interesting if it doesn't hold. Any target for how far you see us correcting?