It is almost certain that we will see some form of lockdown at this point with the devolved nations and the health secretary laying the groundstone for a circuit-breaker type lockdown.
The current pullback is making for a good entry position following the sell off in the asian market. My target is still around 7050, I don't see this breaking out of this upward trend as a result of this and any further pips would be greed at this point.
My rationale is that the infrastructure is in place for a further lockdown, businesses are already well adapted to these circumstances and I feel that there would have to be another fundamental precipitant to see price action below 7000.
My view on Omicron remains constant. High transmisibillity moderate pathogenicity. This however in a co-morbid population could be dangerous and the forthcoming hospital number spike is inevitable.
Trade Safe. See you at the bottom!
The current pullback is making for a good entry position following the sell off in the asian market. My target is still around 7050, I don't see this breaking out of this upward trend as a result of this and any further pips would be greed at this point.
My rationale is that the infrastructure is in place for a further lockdown, businesses are already well adapted to these circumstances and I feel that there would have to be another fundamental precipitant to see price action below 7000.
My view on Omicron remains constant. High transmisibillity moderate pathogenicity. This however in a co-morbid population could be dangerous and the forthcoming hospital number spike is inevitable.
Trade Safe. See you at the bottom!
