Sweden OMXS30 - a few zones of support left
After having broken down from a near 2 year consolidation pattern things have become a lot more volatile. As of last bounce from low we are looking at a 50% retrace. Not sure it will stop there with S&P and NDQ in hindsight.
My mid term view is that we will make a clear break of 1500 and remain below for quite some time. Bounces may occur from mid 1400 and definitely from low 1400.
/Cheers!
My mid term view is that we will make a clear break of 1500 and remain below for quite some time. Bounces may occur from mid 1400 and definitely from low 1400.
/Cheers!
Note
Closing shorts here would be prudent.Note
Shorts no longer valid. Start looking for longs.Will post new long chart.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.