Re: S&P Dax Mib.. trading ¶
By: LONG on Mercoledì 19 Settembre 2018 22:25
TI METTO PURE LO SCRITTO..MORTACCI SUA........
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The Dow has broken out to the upside but it is not yet through technical resistance. Today, a closing below 26406 is not a Reversal, but it will warn that we can still see a temp high with a Direction Change due tomorrow on the daily level. A Friday closing also below last week's high of 26211 will also warn that we are still really just consolidating. The next real target will be the week of 10/01 so exceeding this week's high next week should signal a further rally to Test the January high.
As stated previously, exceeding this year's high next year will most likely signal a Vertical Market into 2020/2021. The politics will play a role, but keep in mind that everything everywhere is just going nuts - not just Trump. Capital will move according to country risk. The volatility is likely to appear for December going into year-end. All we can do is follow the computer and the Reversals. That is the only way to deal with this political-economic uncertainty on absolutely every front globally. We also have a leadership election in Japan tomorrow.