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.
My analysis of OMX30
- Either bounce on trendline or continue down to next trendline and support.
- If we continue to the last trendline I want to be prepared for a Head-And-Shoulder even if it is to early to say right now.
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?
Attention all you who have your pension in index funds!
When price reaches the marked line, near the all time high, price will likely react to the downside.
