Market has been moving in horizontal channel for over a year with the exception of 1 downside break out. It is hard to provide a reason for a upside break out at what most people see as the end of an economic cycle. Down side will be very susceptible due to a past break out as well as fear of cycle's end.
Strategy suggestion, maintain mostly cash. Buy at 22000, and sell half to all when the rebounds hits the bottom of the channel.
Strategy suggestion, maintain mostly cash. Buy at 22000, and sell half to all when the rebounds hits the bottom of the channel.