Target hit. New bull cycle initiated. Long.

27 באוג׳ 2018

TP = 2,873 hit as the 4H Channel Up aggressively moved (RSI = 70.757, overbought STOCH, STOCHRSI, Williams, Ultimate Oscillator) towards and broke the 2,878 all time high spot. Having reached a Higher High on the 1D Channel Up (Highs/Lows = 21.7500), near exhausting the High space of the Rising Wedge (overbought STOCH, STOCHRSI, Williams), the index has now created a new bull cycle on a quarterly basis. Since the all time highs broke, our target is now 2,889.25, which if crossed will start the new bullish leg of September and we will continue buying with TP = 2,930.