Andrei_Nutas

Andrei_Nutas

Even though I find this highly unlikely I'm just punting it out there

Andrei_Nutas

5 broke fell short of potential, driven by fundamentals.

Andrei_Nutas Updated 

We seem now to be on a possible wave 3, of the C wave in the ABC retracement of the long term trend. This stays true as long as we don't go beyond $8,250-$8,500. This range has 3 elements of confluence that should provide a relatively good resistance. If the range is not broken we can expect a new down trend that will end between $4,500-$3,500 (I know that it's...

Andrei_Nutas

There are two models for the current market trend. One can be seen in orange the other in blue. While I think that blue is more unlikely to happen as it seem to artificial, I still place it there as a possibility. (I give it 1/5 the rest is blue) However indifferent of which one of these two manifest itself one thing is for sure, we will hit the next fib level...