Things are a bit crazy right now and markets are unlocked with potentially the survival spirit getting back.
It may fail and lead to 4 weeks correction in total.
If it is a Santa Crash, this could be the path.
To start with, 9440 should retain in close.
Trading: short 9440 stop 9650. Size small its 200pts into 2000. A 1 by 10.
It s been in the pipe for so long, I am not sure which effect it will have on delivery if at all...
The delivery is still far and I am not impressed with the Japan QE on Nikkei (which came as surprise/was not priced)
Many people told me: "market can't fall with QE pending" and there we are.
I am not sure. That is definitely why the short is difficult and why those shorting deserve their reward if they win against Santa Claus statistics and QE hopes.
The absurd reasoning is this: if they do QE, do you think the market is going to give us a top that satisfies the believers and makes the market reach levels that both Technical Analysts and Fundamentals analysts will easily spot as a TOP?
It has to be more complex... Once in a while markets have to be Machiavellic.. Call it the zero (green) at the roulette that comes and disturb your red/black statistics.