AEX: the (up) trend is your friend!
Hi traders,
I still remain bearish for June, but we are still in the beginning of the month. I tried one short position that failed and since than I am just analyzing and waiting for a big signal that will accompany my bearish view.
For now, a big uptrend is in progress with a few positive reversals already (see the orange lines). These reversals come from the RSI14 and let us calculate a minimum target.
We see above a gap at 574,15 that is still open from the downmove of Feb/Mar this year. Maybe that is the final target for now, or maybe not. But mid June for a low and the beginning of July for a low are getting closer and closer each day...
Shalom,
Im
Disclaimer: think for yourself and search for the truth.
I still remain bearish for June, but we are still in the beginning of the month. I tried one short position that failed and since than I am just analyzing and waiting for a big signal that will accompany my bearish view.
For now, a big uptrend is in progress with a few positive reversals already (see the orange lines). These reversals come from the RSI14 and let us calculate a minimum target.
We see above a gap at 574,15 that is still open from the downmove of Feb/Mar this year. Maybe that is the final target for now, or maybe not. But mid June for a low and the beginning of July for a low are getting closer and closer each day...
Shalom,
Im
Disclaimer: think for yourself and search for the truth.
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