25,000 support level lost. There's a small gap from here on out which will nose dive us to 23,000 for support again. There has been TWO Head and Shoulders which have perfectly formed in the past 3 months and have caused downturns as expected. The newest of the TWO Head and Shoulders has finished forming a week ago and I believe it's halfway from being finished with the downtrend. The remaining downturn which is left to finish has been put in a range box. 23,500 is our last support from February's low of the correction we had earlier this year. I expect a bounce after we hit 23,500 back to 24,000 but who knows what the future will bring in this bear market. Long term looks ugly for the stock market.
הערה:
Broke downward channel, Today's bounce was better than I expected. But this upward trend will not last too many signs and news is going to come up in the next 2 weeks and Trump isn't helping with more global tensions at China and threatening companies.
הערה:
Still expecting to meet targets in the box still.
הפקודה בוטלה:
CORRECTION NOT HAPPENING! JEROME POWELL SAVED US FROM THE FREE FALL.
LOOK! INVERTED H&S BULL RUN COMING! DECEMBER WILL BE WHERE WE RECOVER.
LOOK! INVERTED H&S BULL RUN COMING! DECEMBER WILL BE WHERE WE RECOVER.
הערה:
Next stop is 23,800
הערה:
20,000