We can see several reasons that the fall of 2021 will be a tight squeeze for the market. Here are some pointers to look for.
1. Long term rising wedge formation with conjuction and consolidation also in the daily channel, The period between october to december-21 will be the beginning before B-leg starts towards mid MA at 2235 region.
2. We need a B-leg...
After analyzing the Swedish stock market index, I noticed that values of telecommunications, network and banking companies started to depreciate.
There is a large volume on each of them so a price drop on OMX index is possible.
Companies such as SWEDBANK A, ERICSSON B, SV. HANDELSBANKEN A, TELIA COMPANY have been losing value for many months.
Tror vi nått toppen innan nästa lite större dip. Tror vi kan skjutas ner lite i omx (index överlag). Den dippen blir förmodligen runt 10-15% eventuellt lite mer. Vi börjar se en lite rundare topp vilket enligt mig indikerar att vi börjar tappa styrka på uppsidan. Tror denna upp håsade marknad hade mått bra utav en dipp för att sedan pucha vidare mot nya ath.
Jag...
Melt up is here just like in 99/01, only question is for how long can it go on?
I see in best case we go to 2300 (~7%), but you never know may as well end in disaster next week, or even blow pass 2300.
Be careful out there, i'm starting to cut down on positions from here.
Following the trend since mid july. OMX has now hit it's ATH while simultaneously hitting top of the long trend. This suggests going short for 2 weeks. Any thoughts?
