Dear gold, you are also made of stardust. Please come up here and feel at home for a while. Then we can together go down to earth and shine like... gold!
(I have no clue how to use these Gann boxes, if anyone has, please let me know :))
...it could make a bigass correction down, before bull continuation. Seems everybody is long but why does this look bearish to me? I know, follow the trend etc. We will see...
Taking a short now but still long term long.
These are my 3 levels of interest in correction. We already broke one trendline and I believe we will break 1250 whereafter the bottom of the megaphone pattern combined with 0.382 Fibo (1235.89) is interesting. If that breaks I think it will need 1220 to get enough fuel for a rampage.
Trade well and always calculate risk before trades :)
Has Trump heard about digitalization and robotization?
How will these trends give back the jobs to US.
Why would protectionim be good for US equities in a global economy?
How could not signing TPP be good for US companies.
Why are people buying equtities.
Depends a bit how you want to draw it. Yellow tight channel is my original which broke, but the purple could be more accurate. I think we have to as mr. Trump about this one!
Im still long until purple trendline breaks down.