Sweden OMXS30 - a few zones of support left
After having broken down from a near 2 year consolidation pattern things have become a lot more volatile. As of last bounce from low we are looking at a 50% retrace. Not sure it will stop there with S&P and NDQ in hindsight.
My mid term view is that we will make a clear break of 1500 and remain below for quite some time. Bounces may occur from mid 1400 and definitely from low 1400.
/Cheers!
My mid term view is that we will make a clear break of 1500 and remain below for quite some time. Bounces may occur from mid 1400 and definitely from low 1400.
/Cheers!
Kommentera:
Closing shorts here would be prudent.
Kommentera:
Shorts no longer valid. Start looking for longs.Will post new long chart.