Time to short the Beast?
Updated
Midterm view:
We have seen a bigger upmove since 02.12 without any consolidation. That`s strong, but not "normal".
We have reached a resistance Cluster between 11.660-11760, the BBs are touched at the upside an the rsi is in the overbought area since many days.
I exspect a cyclical downmove These days.
But one thing could destroy that shortszenario: A BO of the Dow Jones!
At present, the bullish momentum is still there - there are no signs for a trendchange, the uptrend is full intact.
Pay Attention ! -A downmove could be very fast and stronger you think :-)
Best Regards Mary
We have seen a bigger upmove since 02.12 without any consolidation. That`s strong, but not "normal".
We have reached a resistance Cluster between 11.660-11760, the BBs are touched at the upside an the rsi is in the overbought area since many days.
I exspect a cyclical downmove These days.
But one thing could destroy that shortszenario: A BO of the Dow Jones!
At present, the bullish momentum is still there - there are no signs for a trendchange, the uptrend is full intact.
Pay Attention ! -A downmove could be very fast and stronger you think :-)
Best Regards Mary
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Note
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