My future thoughts of where SET is headingWe are currently in a bearish wedge, which normally is followed by a run down south. Although, the times it occurs in the opposite direction it is often a very strong and powerful run up north.
I am bearish, due to the fact of the wedge and the falling resistance, from July 2019. And also that we have consolidated for about a month, by the "covid-panic-island" and the resistance will be by the Evening Star, with two strong gaps, I have hard time seeing that SET will have the power to move much further up north, away from that area.
I have to say; these are interesting times.
SET trade ideas
Chaloke short-term projectionCurrently, SET is in wave-A that should bottom out around 900-950 point. For wave-C, it should form a bit higher than wave-A and it should form higher than wave 1.
However, it also has a small possibility to break this zone. It means it might go down to the last 2008 crisis low (around 400).
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