Friday, 14 August 2020

S&P... make or break

i have added equidistant channel that matches the piercing below the LMLP in March which is now reflected on our UMLP. The risk is a violent retracement from a potential double tops. Anyone who has had the time to watch the intense battle between 3350 and 3379 ( sept20) will agree it is painful to trade (Mea Culpa) and boring to watch. Wait for the break either way- up or down out of this infernal range. As much as i would like to see a perfect fall i think the jury is still out and knowing WS long metality this market could still make new highs. However the NASDAQ look peevish and the DJII very unsteady but remember we still have a major March CV GAP to fill on DOW.

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