A slow bleed towards 15000 throughout this weeks seems to be what will happen
I've been seeing a lot of ideas and predictions I don't agree with, regarding the US100. GUYS!?, what you need to understand is that moving a trend line a little lower just below where price closed does not make it a reality that the US100 is still holding a support line, ok? lets not kid ourselves. This week fluctuations are expected leaving us with long wicks....
If we see a break below the ascending support line during market open, we could see sharp selling pressure followed by a sharp recovery from around 15556 (or lower) atleast back up to the ascending support line. As many stocks are at relatively cheap prices compared to what they have been trading at for for a while, which may lead many investors to be excessively...