TRADE WITH THE TREND: SELLERS DOMINATINGThe Sellers have been very much in control of this market
Now they are approaching a number of support lines where they will reach walls of buyers
Can they keep on over powering the buyers?
SSMI trade ideas
SSMI - SWISS MARKET INDEX: EXPECTING A BIG DROPSSMI is in a corrective phase. I'm expecting a possible completion of this expanding structure for a strong move to the downside. A strong breakout of this structure to the upside invalidates the setup.
Medium-term outlook Swiss stock market (SMI)Depending on how long China can keep credit bubble inflated and on how fast Fed hikes (which will trigger EM cirisis), downside risk can materialize sooner or later. Same logic goes for SPX.
