Hi Everyone,
Happy New Year. Hope you all had an amazing holiday.
Looking at nasdaq I can see this market is about to drop. It is still go higher and higher. Again today it made a new high. However when we get build up like this, it eventually tips.
Bulls- Next target for the buyers will be 13100, It may come back for a retest to 12921 before carrying on or may just be a fake break out and taking all the buyer out ready for a big bearish movement. Will wait for New York market if you haven't already entered.
Bears- If the market does drop our target for the bears will be 12971. If we get a break here, the upward trend will break bringing market to 12463 or even 12236.
Happy New Year. Hope you all had an amazing holiday.
Looking at nasdaq I can see this market is about to drop. It is still go higher and higher. Again today it made a new high. However when we get build up like this, it eventually tips.
Bulls- Next target for the buyers will be 13100, It may come back for a retest to 12921 before carrying on or may just be a fake break out and taking all the buyer out ready for a big bearish movement. Will wait for New York market if you haven't already entered.
Bears- If the market does drop our target for the bears will be 12971. If we get a break here, the upward trend will break bringing market to 12463 or even 12236.
Comment:
Excellent Drop As predicted
Trade closed: target reached:
