In a previous post, i mentioned that 3080 was likely to hold.
It did an excess to 3100 and receded violently.
After such a move it is always complex to figure out what's next.
ESTX is trading below key support 2945. Unless breached again, it could seek 2813 (2.5% down), 2600 (10% down) or crash to 2240.
I know nothing, i just observe price, look at what is possible, what the market has not been able to do... how certain things are attempted on hype and when all these create repetitive failures i project the other side.
After all this, my take is: QE will not work on Equity prices or will not be announced (which is not the consensus)
It did an excess to 3100 and receded violently.
After such a move it is always complex to figure out what's next.
ESTX is trading below key support 2945. Unless breached again, it could seek 2813 (2.5% down), 2600 (10% down) or crash to 2240.
I know nothing, i just observe price, look at what is possible, what the market has not been able to do... how certain things are attempted on hype and when all these create repetitive failures i project the other side.
After all this, my take is: QE will not work on Equity prices or will not be announced (which is not the consensus)
