Yesterday was the projected bottom and the first green line was the trigger line for an uptrend to start. There is a high probability Russell 2000 will test first blue line within 2 days maximum and close above this line, means the market is still strong and will move to the second targets.
Now it seems a top for you, it depends on how you view the market. But for me I see Russell continues trading in a fairly wide range since May.
Calculations show that the next market top will occur next week on Monday / Tuesday so I want to catch this move.
They way I do Projections of prices & sentiment zones is very difficult for me to explain or write it in a way that can be easily understood by others.
Just let me which instruments you like to trade and will check 'em later for you. If there are good high probable trade setups, I will post them here.
Many thanks for your comment.
Yesterday was the projected bottom and the first green line was the trigger line for an uptrend to start. There is a high probability Russell 2000 will test first blue line within 2 days maximum and close above this line, means the market is still strong and will move to the second targets.
Now it seems a top for you, it depends on how you view the market. But for me I see Russell continues trading in a fairly wide range since May.
Calculations show that the next market top will occur next week on Monday / Tuesday so I want to catch this move.