Hi traders,
Lets start with that not many people thought we will push this high with the current political and economical situations we see today in US .
We have so many broken structures on the way with out pulling back and fixing them. Some suggest and point out that its more then ever in the history . Today's pull back would suggest that we are going to correct this lets call it almost parabolic move of the market . But there is one issue we have left the gap up top so that would suggest index going back up there and fixing the range before major meltdown . Or will we see big wigs finally taking $$ of the market . With negative ADX we started to come up but positive its still above and with average Adx alone we start to go up. Its very hard to predict what month of December will bring many call for bullish sentiment staying in control and some call for correction . I'm thinking we will throw another top up there but we can also see major pull back . Will December 18 repeat it self . Time will tell .
Please share your opinion ,
Happy trading .
Lets start with that not many people thought we will push this high with the current political and economical situations we see today in US .
We have so many broken structures on the way with out pulling back and fixing them. Some suggest and point out that its more then ever in the history . Today's pull back would suggest that we are going to correct this lets call it almost parabolic move of the market . But there is one issue we have left the gap up top so that would suggest index going back up there and fixing the range before major meltdown . Or will we see big wigs finally taking $$ of the market . With negative ADX we started to come up but positive its still above and with average Adx alone we start to go up. Its very hard to predict what month of December will bring many call for bullish sentiment staying in control and some call for correction . I'm thinking we will throw another top up there but we can also see major pull back . Will December 18 repeat it self . Time will tell .
Please share your opinion ,
Happy trading .
Comment:
As we can see market responded very fast and in very aggressive way still leaving broken structure behind and not even looking back to fix it . That would suggest that they will push this even higher, how high I guess we will find out . Historically december its bullish month for markets if we dont look on 2018 . All I guess we can count on its the meltdown, when hard to predict but it will be very large to even bring us to the normal level of it .