December brought us what some articles have stated as being the worse month since the great depression.
December did the following.
What will January provide?
As of right now, the price projection is very mean looking. Over the next few months, the market is currently taking aim at shaving off another 7400 points. Halting the fall in the area of 15900.
This is where January comes in. IF January manages to maintain the high & low of the month between Decembers values. IF the close is above the close for December, we can readjust these calculations. January can readjust how far we will fall.
What will 2019 provide? There will be a S/R range of 26616 - 21712 so a range of nearly 5000 points in which the market has to freely move around in without "trailblazing". This is one hell of a huge consolidation range.
I wish I could point my finger at whats about to happen with confidence. But I can't. It will all up to the new month and the new year to decide which way we are going to go.
But I will keep you informed.
December did the following.
- Covered 4267.68 points (January - November only covered 3256.43)
- Erased gains back to September 2017
- Gave us the single best day on record of over 1000 points run up
- It didn't make it back above 23360. It missed it by a couple of points.
What will January provide?
As of right now, the price projection is very mean looking. Over the next few months, the market is currently taking aim at shaving off another 7400 points. Halting the fall in the area of 15900.
This is where January comes in. IF January manages to maintain the high & low of the month between Decembers values. IF the close is above the close for December, we can readjust these calculations. January can readjust how far we will fall.
What will 2019 provide? There will be a S/R range of 26616 - 21712 so a range of nearly 5000 points in which the market has to freely move around in without "trailblazing". This is one hell of a huge consolidation range.
I wish I could point my finger at whats about to happen with confidence. But I can't. It will all up to the new month and the new year to decide which way we are going to go.
But I will keep you informed.
註釋
We are headed into a soft retest of 24000.By saying soft retest, I mean that we can gently turn from here or we can just politely go through and refactor a new turning position.
A pause in this area and turning away is more believable.
This correction isn't done. It has left a negative movement projection open and it is trying to readjust it.
If we can set the high for January between 25000 - 24000 and if we can set the low above 21712 with out breaking that low. The month will be adjusted for a new projection.
We need a January close between 25000 - 24800 to stall the violent negative slide.
This as I stated above, will set up a S/R range of 26616 - 21712 for 2019 to decide what it wants to do.
Be cautious on your investments, this rally is fueled by anything except the market trying to readjust itself and get comfortable.
註釋
*isn't*註釋
We need to close the month above 23360.With this being the earnings week from hell, it is up for grabs.
CAT helped drop the DJI 350 points. There is only ~1030 points left to spare. And we have seen a 1000 point day before.
Watching the last week closely.
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