I personally feel this market is not ready to go another leg high.
Looking at the trend I've drawn I doubt if we have the acceleration to chase the 5000+ level
till after a major correction. All I see are little deceptive bull runs that soon run out of steam without
surpassing the previous high as shown on chart through the trend
Disclaimer: this is my personal opinion and not a trading advice.
I'll remain short till we test the support from 4200 downwards.
Looking at the trend I've drawn I doubt if we have the acceleration to chase the 5000+ level
till after a major correction. All I see are little deceptive bull runs that soon run out of steam without
surpassing the previous high as shown on chart through the trend
Disclaimer: this is my personal opinion and not a trading advice.
I'll remain short till we test the support from 4200 downwards.