OMXS30 Drop 2% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
belive we have made the bottom and we are going for higher highs, be care full , risky, can also go the opposite direction if we breaktrough this area.
Räknar med att SP500 försöker testa ca 5000 nivån och då utgår jag att OMX30 kommer röra sig uppåt 2552 +/- 5 pkt. En rekyl ligger i luften och frågan är från vilken nivå det kommer ske?? Rekylen kommer avslöja om OMX30 är isf inne i en toppformation.
Going long for a final bull run when red two bottoms out.
OMXS30 BEARISH SEASONAL : Looking for Short sell oppu
OMX pullback looking healty with a bounce at 200 ema.
Short term trend for OMX looking bearish. Looking to alter some cash and pick up HSTECH.
Just a fun thought experiment. What if you superimposed the 2001 and 2008 crashes on the graph today? Turns out it would land squarely on some very important resistance lines. MACD on weekly looks absolutely terrible, which is what led me to believe we have passed the "euphoria stage" and are now heading towards a market cool-down.
OMX at its last breath. Big short already started.
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...
What comes up must come down. Or up. ATH and looking weak according to Moving average and FIB levels.
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.
This is my best guess for OMXS30. breaking back down into the trend channel. Looking for a bounce of the channel-bottom at about 2000 in early june.
The swedish market index has had a very unhealthy bull period with a increase of almost 60% in 1 year, it did hit a major trendline this week and bounced, the rsi indicates overbought, i will probably place a short position when the market opens on monday