Chrimas idea time!
Looks like downtrend is continuing and we may be near local top.
Good time to sell/short, imo.
Markets are kind of volatile right now.
I don't expect too many more bounces lower before a potential reversal, but we may even be waiting for a full reversal of the fed toward decreasing interest rates before any bull runs really begin.
I'm predicting into 15600 area, targetwise.
Not financial advice.
Use stop losses!
Sorry for the sloppy chart!
Happy holidays and trading. :)
Looks like downtrend is continuing and we may be near local top.
Good time to sell/short, imo.
Markets are kind of volatile right now.
I don't expect too many more bounces lower before a potential reversal, but we may even be waiting for a full reversal of the fed toward decreasing interest rates before any bull runs really begin.
I'm predicting into 15600 area, targetwise.
Not financial advice.
Use stop losses!
Sorry for the sloppy chart!
Happy holidays and trading. :)