In doing my weekend updates, I saw this pattern of behaviour from the previous week, in light of a pretty volatile week of trading, Trump comments, tariffs, economic data, and Powell speak.
So what now? well, I will stick my neck out and say we have seen the highs for the next 6 months and possibly the year. I do anticipate a corrective rally and will be watching the 20730 area initially and then 21035 and the more significant band of 21340/21560, these are previous break areas and Fibonacci retracement levels.
Good luck
So what now? well, I will stick my neck out and say we have seen the highs for the next 6 months and possibly the year. I do anticipate a corrective rally and will be watching the 20730 area initially and then 21035 and the more significant band of 21340/21560, these are previous break areas and Fibonacci retracement levels.
Good luck
Mark Langley
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Mark Langley
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.