Attila è convinto, come in parte lo sono anche io, che prima della chiusura ritracceranno...
Stiamo a vedere, io mi aspetto una chiusura sotto 1060...
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Tighten your seat belts (and other belts)...
I hope you guys are not feeling lonely. I have been in a busy schedule with a few guests in the last few days. I will be posting more frequently next week.
Anyway, I posted the following on xSetups last night
So far, correlation is high. But there is a longer story to this picture than what is written on the chart. The story is, that such patterns mark important tops that lead to multi week selloff.
Below is Composite Index, weekly, currently trading above the horizontal resistance. Since today is the last day of the week, it will pull back below the line by the close.
Also the following chart of Money Watch Index clearly shows what sort of round top the market is forming here.