Following the trend since mid july. OMX has now hit it's ATH while simultaneously hitting top of the long trend. This suggests going short for 2 weeks. Any thoughts?
Interesting. Most of the other big indexes that reached ATH in a similar fashion recently did break through though, and given that Sweden did not get affected by any lockdowns I can't see why that wouldn't happen here as well. Just to entertain the thought though I'm guessing your are aiming for a bounce at the 1700 level?
Wippedcream
⋅
@callebstrom, Post is 2 months old by now. I was aiming for a 4-5% pullback from the ATH. Now in hindsight it did drop something like 3%, but I'm on to new and bigger trades :) thanks for the comment tho.