I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower
All three indices have been struggling with the 200-MA. SPX and NASAQ attempt at 200-MA shall be rejected, as it is coming within the time cycle band.
The coming week contains time cycle strongly correlated with reversal in the trend. Plus we have certain time cycles related with strong and wide price swings. Therefore, if we have up move at the open, then we shall be watching out for sharp retracement, filling in the gaps and price swings full of dizziness. If you are not able to withstand such surprise moves, then best advice, stay in cash and away from the markets. However, those traders with emotional balance, and trading systems rules of entry and more importantly the exits (see my posts of how to enter and exit the trades), shall be able to avail the sweet and profitable trading opportunities.
http://trade-in-harmony.blogspot.com/
Thanks a lot sir
Mr Syed
Thanks for the update Mr Syed
Thanks! 🙂
Patrik
Dear Mr Syed ,
Would you pleae also comment the gold ? Its because it seems downside in short-term after forming the top .
Thanks .
Marco