Continuation
[The color of the text coresponds to the color trend].
The market broken pass the daily resistance line that dates back to early August. The market then tested a declined trend zone formed by a dip in mid nov and early aug. The market is seemingly channeling upwards on the 4 hour spectrum since the start of december. Now the market rests on the inclined support line. I expect a continuation. However the market will have to test 1904 and perhaps it'll retrace in order to pass to the next test will be at 1960. Considering everything that's going on in USA, theres alot of pips to catch at the turn of the year. The SP500 & US30 is looking bearish. (you be the judge!) The DXY (value of the $) is at 90 cents.
Let me know what you think!
The market broken pass the daily resistance line that dates back to early August. The market then tested a declined trend zone formed by a dip in mid nov and early aug. The market is seemingly channeling upwards on the 4 hour spectrum since the start of december. Now the market rests on the inclined support line. I expect a continuation. However the market will have to test 1904 and perhaps it'll retrace in order to pass to the next test will be at 1960. Considering everything that's going on in USA, theres alot of pips to catch at the turn of the year. The SP500 & US30 is looking bearish. (you be the judge!) The DXY (value of the $) is at 90 cents.
Let me know what you think!
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