Some elegant prose should be offered here to usher out 2018. Perhaps a bow of the head and a moment of silence.
Last trade day of the year. What are we to expect?
Fridays trading was underwhelming. The price rose to 23381, testing the floor of the S/R level (23360) which was set back in February 2018 and broken last week. Closing the week off at 23062.
Now, I've read the same articles you have. Is this a dead cat bounce? Is the market going to go lower in 2019? Is there a rally in the making? Where is the new floor?
Monday will decide the fate of the world (bum bum bummmmm). Well, the first quarter of 2019.
The weekly chart is taking aim at 24094. The daily chart 24048.
With the 4H chart showing stalled movement on Friday after a second session engulfing bar on Thursday. The engulfing bar is taking aim at 23700.
I will give Monday the 600+ points.
When will this kick off? Any ones guess. Morning, Afternoon, all day? But if I were a betting man...I'd expect lack of activity in the AM and mid-day trading to kick the 600 points off.
I believe we will end the year between 23700 and 24000 This would then be the setup of a S/R boundary of approximately 5000 points.
Last trade day of the year. What are we to expect?
Fridays trading was underwhelming. The price rose to 23381, testing the floor of the S/R level (23360) which was set back in February 2018 and broken last week. Closing the week off at 23062.
Now, I've read the same articles you have. Is this a dead cat bounce? Is the market going to go lower in 2019? Is there a rally in the making? Where is the new floor?
Monday will decide the fate of the world (bum bum bummmmm). Well, the first quarter of 2019.
The weekly chart is taking aim at 24094. The daily chart 24048.
With the 4H chart showing stalled movement on Friday after a second session engulfing bar on Thursday. The engulfing bar is taking aim at 23700.
I will give Monday the 600+ points.
When will this kick off? Any ones guess. Morning, Afternoon, all day? But if I were a betting man...I'd expect lack of activity in the AM and mid-day trading to kick the 600 points off.
I believe we will end the year between 23700 and 24000 This would then be the setup of a S/R boundary of approximately 5000 points.
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Disclaimer
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.