Dow Weekly Review
Wave Analysis:
Ealier this week, Dow bounced off from the zone 32964, and is currently heading to the lowerside. As it is right now, we are looking forward to a possible sell towards 32219, and may likley break and close below it, on this chart, I looking forward for a possible long term sell position expecting an ultimate break below 32219 towards 30859 and may likley extend much lower. On the flipside, only a clear break above 32964 will push the price to the upperside.
Trade Recommendations:
We’re sellers for now towards 32219.
HongKong Stock’s Index
Wave Analysis:
HongKong Stock Index continues to rally to the lowerside and is not showing any signs of pulling back to the upperside, on this chart, I am looking for nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lower side and may see the price head straight towards 12000.00 and may likely extend much lower. On this chart, buying or holding onto buy positions is a bit risky and may not be recommended.
Trade Recommendations:
We’re sellers towards 12k.
SPX500 Weekly Review
Wave Analysis
SPX500 is currently above 3801.0. As long as the price remains above this zone, I am expecting a possible pullback towards it to pick a possible long term buy position towards 3975 and may likely head much higher. On this chart, buy positions looks ideal and can safely be recommended unless the price pulls back and ends up below 3785.9, if this is the case, then we will be looking for a possible long term sell position with an ideal target set at 3659.9 and may break below it towards 3541.4 or even lower.
Trade Recommendations:
We’re sellers towards 3541.4
