Everything worth noting is on the chart. The next time for me for look for longs will be a break if the recent consolidation
Komen:
i dont know if the font i a little bit too small for some screen, so here the textbox from the chart again:
I know alot of ppl forecasted the end of the world and a new ´08 after the bad start into the year in the Ger30 and the SPX500 but so far we are just sittin in a big ABC correction on the daily timeframe. after that long of a upmove thats completly normal.
We now completed that ABC move down at the "5" point and are trending up ever since. I think so far there is no reason to think that will stop. The next line in the sand will be the solid blue trendline marking the confirmationpoint of the ABC correction. if we can break above it, we will see a good year i think in both Ger30 and SPX. however we might not break it right away. We will see. But till then, there is still quite alot of room for longs
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I know alot of ppl forecasted the end of the world and a new ´08 after the bad start into the year in the Ger30 and the SPX500 but so far we are just sittin in a big ABC correction on the daily timeframe. after that long of a upmove thats completly normal.
We now completed that ABC move down at the "5" point and are trending up ever since. I think so far there is no reason to think that will stop. The next line in the sand will be the solid blue trendline marking the confirmationpoint of the ABC correction. if we can break above it, we will see a good year i think in both Ger30 and SPX. however we might not break it right away. We will see. But till then, there is still quite alot of room for longs