superciuk1
La verità e' come voi prima o poi viene a galla
The forecast array showed the week of the 24th as a Panic. However, the long-term turning point targets are for the week of the September 21. That will more likely than not now become an important turning point as it grows in intensity. This is not over until Obama sings.
We are at least going to see a retest of the lows and produce a lower weekly closing, unless we start to close significantly higher on a weekly basis above at least the 17875 level. Otherwise, a weekly closing below 16008 should signal a revisit of the lows during September. Only a breach of last year’s low will warn of the slingshot move setup. What would be very bearish would be a rally to retest the highs without new highs during the week of September 21, which would then warn of a crash.
By M.Armstrong
We are at least going to see a retest of the lows and produce a lower weekly closing, unless we start to close significantly higher on a weekly basis above at least the 17875 level. Otherwise, a weekly closing below 16008 should signal a revisit of the lows during September. Only a breach of last year’s low will warn of the slingshot move setup. What would be very bearish would be a rally to retest the highs without new highs during the week of September 21, which would then warn of a crash.
By M.Armstrong