SPX is the weksel in history of CFD existance since 1984 (negative divergance on MACD with new ATH for some time) So probably distribution is in progress and spx will get under 2200 points (last bottom)
My view still is: Generally $NYMO needs to near or below zero before a top can be possible. Right now it's very strong, so unless we have a very big down day to turn the NYMO down dramatically otherwise bulls still have at least couple of weeks to go before $NYMO can possibly go below zero. I beliv...
kanal.jpg Al Brooks believe the break of the price channel is significant so traders should expect the sell off to continue down to 3600 the next week. This is wrong price channel - market closed still above lower bounder of the channel. Still looks like new ATH in next few session as you mentioned...
Al Brooks believe the break of the price channel is significant so traders should expect the sell off to continue down to 3600 the next week. This is wrong price channel - market closed still above lower bounder of the channel. Still looks like new ATH in next few session as you mentioned earlier b...