Strong potential reversal zone
Updated
Risky week ahead. There is considerable resistance from 2080-1950. If Hillary wins, there should be a great buy opportunity in this market the next few days.
First up is the 200 SMA just below last Friday's price. Next is two strong fib levels at 2062 and 2042.
If 1950 and the long term trend (purple line) breaks next week and closes below on the weekly chart, I would exit any longs for now.
First up is the 200 SMA just below last Friday's price. Next is two strong fib levels at 2062 and 2042.
If 1950 and the long term trend (purple line) breaks next week and closes below on the weekly chart, I would exit any longs for now.
Note
Weekly chart. Expecting another impulsive wave.
Note
Far less of a decline than expected if Trump became the next US president. More upside expected.
Note
New impulsive five wave projection of intermediate wave 5 (purple)
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