Party starts Friday Morning!
Updated
Hola Folks !
Just playing around with the 30 mins graph since our range has just got tighter on the daily and by the looks of it we are setting up for a big party on Friday Open .(doubt we drag it till Monday expect some profit taking and buy the dip mode from there on )
with the golden cross forming and 10569 next stop.
The 200 day on the Weekly chart is sitting bang on confluence of 10330 resistance which is as i mentioned earlier very important to blast through with convincing volumes!I am still Bullish that this rally will continue and not get knocked back from 10500-1700 zone.
This is think is Euphoria mode starting so setting up for that 20-25% drop .
However :) Given the state of the world i'm going be slightly cautious since the market has been good to us for a while now and the World ain't looking too rosy at present so tight stops till we cross the 200 day .
Still waiting for that blow off top ....
Just playing around with the 30 mins graph since our range has just got tighter on the daily and by the looks of it we are setting up for a big party on Friday Open .(doubt we drag it till Monday expect some profit taking and buy the dip mode from there on )
with the golden cross forming and 10569 next stop.
The 200 day on the Weekly chart is sitting bang on confluence of 10330 resistance which is as i mentioned earlier very important to blast through with convincing volumes!I am still Bullish that this rally will continue and not get knocked back from 10500-1700 zone.
This is think is Euphoria mode starting so setting up for that 20-25% drop .
However :) Given the state of the world i'm going be slightly cautious since the market has been good to us for a while now and the World ain't looking too rosy at present so tight stops till we cross the 200 day .
Still waiting for that blow off top ....
Trade active
lets dip to 9826 then chill there till Friday
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