UPDATE: PULLING THE SHORT TRIGGER ON THE U.S. STOCKS MARKET
My short trade from mid December is playing out well so far. However, am taking partial profits at 1821 support level.
1821 level is a major support over the medium to long term, so it is a good idea to book some profits, although i remain bearish on the stocks market.
A break below 1821 will probably confirm a move to my full target around 1608.
For more about it you might be interested in is risk here to stay, or Three economic indicators warn of a recession
Best Regards,
thefxchannel.com/
Technician
1821 level is a major support over the medium to long term, so it is a good idea to book some profits, although i remain bearish on the stocks market.
A break below 1821 will probably confirm a move to my full target around 1608.
For more about it you might be interested in is risk here to stay, or Three economic indicators warn of a recession
Best Regards,
thefxchannel.com/
Technician
Comment:
First target hit