Since I have no idea what the market will do, I’ll defer to the market itself to tell me what it wants to do. Right now, I think the most important chart is the NDX and the NASDAQ. Both are in a clear downtrend but testing the upper end of the channels. At the same time, they are hitting resistance. If the indexes can manage to break out at these levels, I think a move back to January highs could be a possibility.
However, when trend meets resistance, a change in the short term trend is usually in the cards. That would imply a move back down to the bottom of the channel. So I’m still stumped although I’m still leaning ever so slightly to the negative side.
i agree with your views from here.
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I’m like you write something, really very good! I will continue to focus on
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