The S&P 500 has been selling but all I guess and think is a correction. The longer problem however lies at the greater 127.2% extension level at 3,731 regions. Hence, it will be a long term challenge ahead. The prospect of the market does bode well in the next 2 years i guess.
ISDN has clearly invalidated the head and shoulder formation after prices fails to test and breaks below the neckline resistance at $0.340. Hence we are betting on the odds of prices breaking the triangle top.
Meituan no doubt is going strong on an uptrend but the failure to clear above the high last week signal that the ABC correction has arrived and as such, we are betting on the stock to make a lower price zone to stage a rebound