It's gonna be a hot summer! Target at least 1700.
Strong resistance around 1880, indicators at or near a sell
The real turn will probably hold untill May 5/6.
Sell the 1860-1870 area, target 1840-1820, stoploss 1873
CONCLUSION & STRATEGY For the next couple of months (May - August) I'm expecting a downtrend towards 1700. After the summer, expect new all time highs to finish wave 5 up (2015 expected). After that, brace yourself for a MAJOR and Long Term Trend down for several years. What to do? If 1872.53 is breached to the upside, shorts should be closed and put on...