We are still looking UP.
Model is still bullish (While we are in the channel and there is no 200 and 100 EMA death cross).
I see 2 cases for a BUY:
1) 2530 + 2480 are the BUY level
2) Retest of breakout (in one week after the breakout of downtrend) at 2590-2620 zone (only in 2750->26xx move in range of 15-may)
With year end target (Say hello to Christmas rally 2950-3000!)
Model is still bullish (While we are in the channel and there is no 200 and 100 EMA death cross).
I see 2 cases for a BUY:
1) 2530 + 2480 are the BUY level
2) Retest of breakout (in one week after the breakout of downtrend) at 2590-2620 zone (only in 2750->26xx move in range of 15-may)
With year end target (Say hello to Christmas rally 2950-3000!)
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This is our 2750-26xx move. It should be final downside move before the start of our trip to 2950
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i will start buying soon at 2666, add on 2650 and 2620 in my long term holdings. Same target ~2950 year end.
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summary:
we did have our June-October rally (almost reaching my target)
Starting 2 october we fell into "Anti-Christmas" rally down to 2330 zone.. and back up into growth channel with super-recovery .
we did have our June-October rally (almost reaching my target)
Starting 2 october we fell into "Anti-Christmas" rally down to 2330 zone.. and back up into growth channel with super-recovery .
