Merval: Projected pathway

2016年1月25日

This is my current forecast for the Merval index. I'm looking at a new leg down, to retest the Vix spike retracement support level cluster below.
I propose a wide stop long off the level below, but we could also take a short term short as depicted on chart and unwind and flip long.
You can check my previous forecast in the related ideas below.
I'm republishing with the original projection so you can see how it fared. Not bad, huh?

Cheers,

Ivan Labrie.

2016年1月29日

ノート

We might not test the support below.

2016年2月1日

ノート

Blasted through resistance and following the projected uptrend path for now, it might make a lower high and swing for a lower low still though.

2016年2月2日

ノート

Merval hit the vix spike resistance level, let's see how low it goes.

2016年2月3日

ノート

Retracement started, I'd hold off on further longs for now.

2016年2月6日

ノート

Merval has broken the resistance above (Vix retracement level).
It'd be interesting to see if it doesn't fall with everything else next week.

2016年2月9日

ノート

Merval keeps grinding up on a weakening peso.

2016年2月12日

ノート

Consolidating here is good, we might see more upside from this zone.

2016年2月27日

ノート

Resistance and also the projected target from the low was hit.
It's possible to see a deep retracement now.

2016年3月4日

ノート

This might be a good exit for longs.
At least trail stops in profit if you're in it. 13053 is a good idea.