Since 7 June 2016, a break through from sideways thought will having a short term uptrend. However, market sentiment is still lock into the two big event in this month.
FED June Meeting
So, the market is given a very clear answer after few day, signal is turned into bearish, especially in the last trading day of last week while closing, the trend is return back to the shock interval. So to be exact, this should be Black Friday. Now, I predict it will fluctuate in the time frame until that two big event is clear, these also indicate investors choose to wait and see. Next, if trend is going up and break the resistance then perhaps will have a small bull, otherwise, challenge 1600 once support is broken, also means the right shoulder is formed gradually...
Share on Facebook