Markets gave the leg up from the oversold positions..to make a lower high (6239)and as projected the next leg down started on friday..The fall was fast furious and all stocks big small joined the BEARS party..See how technicals help foretelling whats in store in case you are visiting the blog regularly..
WE HAVE BEEN GIVING TRAINING IN TECHNICALS TO THE ANYONE WANTING TO TRADE TECHNICALLY along with a trading system..
We have to break the 5936 level for more corrections to set in ..6050 will be a strong resistance zone now and Sell on rise will start once we breach the lows..5750-5800 could be a logical target at least for the time being..staying over 6050-80 for a few days only will show some strength which i dont think is there anymore ( specially with the waterfall fall ).The month of JUNE will be volatile and will give trades both ways ..so trade the direction..cheers..
WE HAVE BEEN GIVING TRAINING IN TECHNICALS TO THE ANYONE WANTING TO TRADE TECHNICALLY along with a trading system..
We have to break the 5936 level for more corrections to set in ..6050 will be a strong resistance zone now and Sell on rise will start once we breach the lows..5750-5800 could be a logical target at least for the time being..staying over 6050-80 for a few days only will show some strength which i dont think is there anymore ( specially with the waterfall fall ).The month of JUNE will be volatile and will give trades both ways ..so trade the direction..cheers..
