Hi....I cannot see the markets going up (generally) at the moment.....and your RSI/STOCH are in a downward trend/movement. Look as we ALL know markets can and do anything....however with so much bad news - Businesses shut as China widens lockdowns Ukraine economy could shrink 35% this year CHIP giant about to axe up to 15% of staff & not too mention the war....etc etc Inflation..... This is just my opinion...I am SHORT so lets see......I do know that markets can change in an instant (trading 14 years now), but for me things are pretty bleak all round. I always felt the markets are totally out of sink with reality. In my opinin the markets should be no where near 35/36k like they were recently....I feel it will come down to +/- 30k and then maybe retrace upwards. Thanks for sharing. Cheers
Businesses shut as China widens lockdowns
Ukraine economy could shrink 35% this year
CHIP giant about to axe up to 15% of staff &
not too mention the war....etc etc
Inflation.....
This is just my opinion...I am SHORT so lets see......I do know that markets can change in an instant (trading 14 years now), but for me things are pretty bleak all round. I always felt the markets are totally out of sink with reality. In my opinin the markets should be no where near 35/36k like they were recently....I feel it will come down to +/- 30k and then maybe retrace upwards.
Thanks for sharing.
Cheers