lu1977hk

lu1977hk Updated 

Few weeks before a strong downturn starts

lu1977hk Updated 

Will it play like that?

lu1977hk

Few days to go before an heavy downturn starts

lu1977hk

Few weeks before we may enter a strong reverse. Right above 6000, we may start accumulating shorts.

lu1977hk

Does anyone have an explanation why MACD and RSI are strongly down while prices are up since 2018?

lu1977hk

MACD levels flashing super overbought conditions. All is calling for a strong retrace in the months ahead.

lu1977hk Updated 

Breakdown since July 2019 is still confirmed. As long as the price does't break up the ascending blu trend line, it should keep falling toward the red longer term trend-line.

lu1977hk

Risk Reward is definitely skewed toward the downside as long the excess (See Macd) will revert to the mean.

lu1977hk Updated 

First time a publish something with such a short time frame. Let's see how it goes.... I expect a short lived pull back till the ascending trend line ( some 5% correction) and then all way up till 3000 ish.

lu1977hk Updated 

SP500 update

lu1977hk Updated 

Some pull back may happen in the next few months but the index is ready to reverse to the mean, and align itself to the other global indexes. Enjoy if you dare!

lu1977hk Updated 

Macd has broken higher while all the rest stay at resistance levels.. A buy is worth with a strict stop loss at 11700

lu1977hk Updated 

Time for a pause (small correction) before new highs..

lu1977hk Updated 

Any consolidation is good to add in the position or start it.

lu1977hk Updated 

We are approaching for the 3rd time, the long term supporting line in the last 50 YEARS!! Will it gbreak this time or simply flirt with it and go back higher? Mah!! I simply don't know!!! Any idea?

lu1977hk Updated 

We may very close to the end of the correction around 11.200. However if markets break that level, next support are around 9000 level..

lu1977hk

103.5 will tell us if DXY is headed for a retrace toward 95 or continue upward and target the long term support at around 110...

lu1977hk Updated 

Until prices stay within the long term triangle, we don't expect any major shift. Only if the trend lines are broken, we will see a strong movement either upside(40%) or downside(60%).