This descending path will lead us to the 22 March FED meeting
We bounced on end of year close. Very strong.
So I don't know why, but something's telling me we will go down by 22 / 23 % from the tops by mid April. That would set the trading range for all 2018. Of course I may be very wrong, it's just an idea.
Go down, go up. Another sketch. Tomorrow FOMC for lunch.
We have this nice pattern BIG-SMALL-BIG-SMALL-.... Will it hold tomorrow ?
A straight prolongation of this week. Have fun.
Tomorrow we may see the Nasdaq above 7700.
It's only an idea for the next 2 weeks. Tomorrow watch that trendline and the support from the congestion we had left yesterday.
So, here we are for another crazy chart. Week 10, next week is under the spotlight. All this mess you see in the chart is to say that next week Nasdaq Comp will hit point labelled "I" first, then point "L". Of course, this is only a mere idea. The market may unfold in a totally different way. The basic underlying idea is that we are in a bear market. Without a bit...
It could be a nice bullish head and shoulder, but the bottom is broken, I think it's a warnong that it might well be a bull trap. Long to resistance, then short.
I hope not. But hope is not a trading indicator. What will be in the news ?
Gosh, looks like the 7200 it's gone. Maybe they'll close at 7168 which is the level of the left shoulder. And if tomorrom it's going to be sales, it's huge.
The IXIC really seems to be headed to 7200. Let's see.