Confluence of Resistance Trend-line (dashed light blue) and the 1.618 extension of the previous down leg meet,about 18970. A 20% stop loss has been suggested, targeting the previous unprecedented Quantitative Easing, at about 6500. The market is expected to bottom at between 2020-2023. The final target could be 3500 or the lower trend-line of the Megaphone.
Please do your due diligence and share your opinions.
Newcastle upon Tyne, 11/05/2015 11:35 BST