'In the related charts', sorry for the typo, I was in a rush.
Bearish divergence with a false breakout (everybody was having a blast with the new high in the Dow) combined with a bearish divergence on the weekly chart. I expect a heavy correction in the american market, and I expect that the most vulnerable index will be the Russell, which unfortunately I am not allowed to sell short by my broker. Good luck to all the breakout traders!
Comments
vlad.adrian
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on 10.07.2014 I exited on breakeven because if there were to be a correction, there shouldn't have been any retracement
andrew.berg
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Finally! Big correction is coming! Short short short!
vlad.adrian
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Instead of checking out my charts and trying to find something to pick on, you can actually study them more carefully and read the description properly. Do you see the horizontal lines on the chart? I'm talking about those red small lines put one near the other in order to cover a level along the screen. Those are called support levels, which are targets. Do you think a retracement to 16500 is a big correction? Do you think a retracement to 16300 is a big correction? No, but it's heavy enough to get you out of your breakout positions, and heavy enough to make some money, and heavy enough to offer a buying opportunity at the end of it, which you are not going to take because some major support will be broken and you are going to be very bearish ;)