We broke all this year's high on Friday at the NFP data.
Just one resistance zone in front of us: 2015 May high. 10 points from Friday close.
My suggestion is DO NOT TRY TO SHORT FROM HERE.
Even if it worked at the last 7 times most probably this time it will not.
If we break the 2015 May high there will be a terrible short squeeze I wouldn't be surprised if price rallies to 2300 in a week or 2...
Just one resistance zone in front of us: 2015 May high. 10 points from Friday close.
My suggestion is DO NOT TRY TO SHORT FROM HERE.
Even if it worked at the last 7 times most probably this time it will not.
If we break the 2015 May high there will be a terrible short squeeze I wouldn't be surprised if price rallies to 2300 in a week or 2...
Nota
We are at all time highs.Very exciting.
Nota
The problem with breaking to new high is you simply cannot predict when bears will realize that they are in the wrong direction. Once they do all of them wants to exit the trade. So not bulls are buying the dips but bears.... This is coming now I think.Nota
In the night we tested back the breakout of all time highs.And now we are at new high again.
I think today could be the day when bears starts to panic....
Nota
Bears are in trouble...That's what I was afraid of: no pullback.
Nota
Someone told me last week I'M not looking at the big picture.Now I looked at it:
Nota
And I'm more bullish than 3 days ago...Nota
Again:this is the time to buy .
If you have short this is the time to bite the bullet and close it.
This is not going to be better.
It broke to new highs and running. Breaking almost 2 years of consolidation.
Will there be red candles ?
Yes . There will be. But we are not going to have a flash crash.
The freshly printed billions are flowing into the stock market.
Take a piece of this big cake.
Nota
Strong trending move is supported by 10 EMA.Nota
As I'm watching my 3 monitors I have a feeling that today we will have a small down day.-1% maybe... It could be used for adding or enter into a position at the end of the day.
We will see...
Nota
Don't freak out ! Bears will call the end of the world today. It's just a pullback after 8 days of monster rally...
50 EMA or breakout test.. WHo knows?
It's another adding point for me.
Nota
LOL.It seems USA had lost its faith UK.
The government forced Goldman to buy the index at the premarket.
3 thing is sure on this world:
Death, Taxes and market will not fall before USA elections.
Nota
***in the UK***Nota
It's just a guess but I think BOE will not cut today.In the night the USA futures were pulled up hard.
I think the Govt. wants to have some room for a little falling. They just don't want price to fall below the 2015 May high once we broke above that.
Nota
"BOE surprises by leaving key rate unchanged"No surprise for us.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.