Long squeeze and resume upwards

2020년 6월 24일

Still going as per my earlier outrageous call of 11950 as a target by end september :)
( please refer to it to see my thought process from Monday till today )

We have expiry's tomorrow since its the last Thursday and also had a nice rejection from the 200 day on the daily as expected .

The reason i'm bullish given our lovely global outlook is that we WERE trading above the 200 day on the weekly as long as we were above the blue line or 10350 zone we are in bull mode.

Showed some nice volume to test 10569 and now as we should coming back to test the lower support of
10174 or possibly 10039 before we go up and continue with our blow off top narrative.

As was on Monday 10350 is still key and if we do dip below 10K i'd be slightly concerned , with 9800 as our last line of defense.

On the 4hr you can see a gorgeous golden cross forming with a big move imminent, so my money is on we resume our uptrend and Euphoria mode.


China pushing for the gold backed yuan , Trump ready to infuse another trillion or so into the run up of the elections should keep the markets pumped up be it artificially and when the reversal does happen am expecting it to be violent and bloody !!

check out entry levels for discounts in your favourite stocks.