This idea is actually the same as I posted early January. We have reach the starting point of three suggested scenarios (on the date exact btw).
Technically: - RSI can go much lower, I would like to see it go below 30. - it's been testing a trendline 3 times since December, time to break - EMA 100 is broken
Non technically: - Europe indices are on a high, will Draghi set things in motion?! - Oil... - Russia - some financial institutions in Europe are not OK
If it falls below 17000, we will see 16000! Which means we have a healthy correction of 10%
Very nice to see the graph showed the uptrend towards 18200 (scenario A). (But the Fed changed it.)
Setting a lower high, probably breaking through the EMA 200 in the next few days.
I wouldn't be surprised to see 16.700 tomorrow or Friday (Jan 29/30th)
Setting a lower high, probably breaking through the EMA 200 in the next few days.
I wouldn't be surprised to see 16.700 tomorrow or Friday (Jan 29/30th)