Stribogius

Stribogius

I believe the nasdaq will continue to fall for at least a couple of days. Nasdaq has been growing for the past four weeks gaining back its losses. (22% from bottom) On a daily chart you can see it hit a major resistance and made a false breakout which probably lured the last retails into long positions. Stochastic oscilator has formed a rising wedge which is a...

Stribogius Updated 

I believe the price is going to fall rapidly this week (Monday 22nd - Friday 26th) and start growing up again on Monday 29th. First of all technically 0,786 resistance survived the friday attack which only confirms the price downtrend. Fundamentals are on the bear side too because temperature in Europe and USA is going to be high this week. Lesser demand and high...