State of the market 7/1/16

Posted: January 7, 2016 in Uncategorized

Markets are particularly difficult at the moment.

As usual the best thing to do is…stay out and watch.

If you really can’t we should refer to the technical analysis.

In this case it looks like a Bull Flag in a bearish scenario.

Translation…it should bounce from here as it is quite oversold and then

really let go and reach my November target of 1820/1870.

Once this is in, that would be  a good base to start playing 2016



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s