I'd like to start the year with a look at the long-term chart and it's pretty impressive. Last year we dived below the MA50 in March and then came back above it in May thanks to the stimulus, which avoided a MA20 / MA50 cross as in 2008 and 2002, this is very special because this time it avoided a long-term crash scenario whereby the bull market has...
This is my expectation for the near future. A top within a few days would be logical. I am waiting for the signal in my trading system.
I will try to play some monthly/weekly AEX put options as always. :)
Disclaimer: as always, think for yourself and search for the truth!
I was not planning on posting anything, but I did not want to keep this gem (I found it yesterday) for myself. :)
Guarantees? ZERO... ;)
Disclaimer: as always, think for yourself and search the truth!
Unbelievable what an increase since October 30, the importance of not breaking through 530 was enormous, the bulls did an excellent job. With the breaking of zone 575 even the sideways trend has been done and there is again upward space. If you look closely, the zone 575 can also be seen as the neckline of an inverted SHS pattern. If you reverse the size of the...
After the fake out, the scenario suddenly looks the same as in February and March. Small support lines do not seem to have a grip. And the price is totally separate from the 200, 50, 20, 10 MA. The death cross seems like a matter of time. The question is at what pace will this happen. And when can the price find support to drop even further. (Or am I pessimistic ..?)
It seems that the price is backtesting the Pennant. Because the sentiment is not in the advantage of the bulls i expect that the price will return into the Pennant. In this case we have a couple resistance levels before the 525.