Top40- 4000 points on offer...
Updated
The Top40 has come under immense pressure over the last week or so and after the weekend's news, markets are shaky. The index has not only broken support, but also the 50 day moving average, with the RSI looking very weak and stochastics showing heavy selling. I think any bounce near 71000 can be shorted for a continuation of downward momentum. The next level of any meaningful support is rather far away...lots of room to scoop some volatility profits.
Trade closed: target reached
Sorry, forgot to update yesterday.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.