FX:NAS100   NASDAQ 100 index of US listed shares
243 2 0
Before we gonna go South we test the 200 SMA one ore two times to form a nice head and shoulders pattern.

Why not going South big yet..?

I see no confirmation. The candlestick patterns on the Weekly and Monthly are still very bullish . There is some RSI divergence, but if you look back to the period 2011 - Q1 2012 on the weekly this divergence doesn't play out.

11-04-2014 Update: Today hit on 200SMA?? There is strong support about 3420. Weekly is rolling over, a lower closing today means that we are goin slowly into a bearish trend . Let's see how today unfolds.
lmaxmax
2 years ago
We are in bull market, never be panic.
Reply
2use lmaxmax
2 years ago
Maybe, but we foresee a bear market. We don't want to get stuck in the bear market once it happens - once it happens it will be late.
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