I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower, All Praise and All Glory are Exclusively and Entirely Reserved for His Graciousness and His Magnificence
Markets have test the 200 MA as support today, when retracing back to it. Thereafter, markets closed higher, close to the HOD.
THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS
http://trade-in-harmony.blogspot.com/
also, do you have any forecast for GOLD ?
Mr Syed do you consider taking new mentees ? I wasnt selected last time but i still have hope that there is a chance to get to your mentorship group..
Mr.Syed,
Just wondering if your previous target for GOOG still holds. You forecast approximately $561 for GOOG.
thanks.
Patrick.
Mr Syed, should we realize profits at SPY about 113.50 and prepare to open longs again at lower levels or aim for higher profit target ?
Thanks Luc for consistent participation
After 113 I am looking for signs of weakness and shorting opportunities as time cycle is up for this rally and we may a short or serious correction, depending upon next cycle turn date
Remain Blessed
looks like this correction could end soon, max at about 111.8 where is upper band of triangle (which is now support)
then we should launch up to 113.7 because this is the target of triangle
i hope i'm not wrong
Dear Syed, As always thank you for your updates on the markets. Stay blessed. Also a belated Happy Fathers Day to you.
Reed
thanks for explanation, i closed SPY calls at 113, just like you said now we are seeing weakness, it is right time to open PUTS or its just a correction ?