Ok the initial obvious move is a retrace to the 61.8.
Then though there is still that gap shown between the yellow lines. That should fill before any more downside.
Over the next week or two though I am saying that the markets will move down as people de-risk in anticipation of the Midterm elections. When they are done and there is a strong Republican win, confidence will return and the markets will commence their Christmas rally.
Then though there is still that gap shown between the yellow lines. That should fill before any more downside.
Over the next week or two though I am saying that the markets will move down as people de-risk in anticipation of the Midterm elections. When they are done and there is a strong Republican win, confidence will return and the markets will commence their Christmas rally.
Trade closed: target reached