In a first attempt to overcome the prevailing since October uptrend and to turn it around or achieve a major downward correction at least we have failed in April.
Today some American players used the absence of the most other markets due to Labour Day to try it again. Nevertheless it became a dramatic fight against the bulls and the bears could not manage to close the January window.
The bearish forces are obviously not yet strong enough to turn the trend around so that I expect the next attack of the bulls now.
This week will show who wins.
Today some American players used the absence of the most other markets due to Labour Day to try it again. Nevertheless it became a dramatic fight against the bulls and the bears could not manage to close the January window.
The bearish forces are obviously not yet strong enough to turn the trend around so that I expect the next attack of the bulls now.
This week will show who wins.
Trade closed: stop reached