There is a a big difference between 6.8 and 7.9 technically, a break below that main resistance ( 7.2 ) would be extremely bearish imo and I simply dont see the catalyst for that movement, macro is looking great for equities opposed to POG atm, the imminent vaccine rollout is helping that cause, global x is punching to new highs, so in short , cant see that happening unless there was another black swan moment or Nigel is lying thru his arse and a CR hits the news flow trail next week, even then , it would have to be discounted by 20% and it still wouldnt get to 6.8
All indicators are in excellent shape except the STOCH and thats not going to drop the SP to 6.8 let me give you the tip, so good luck with your predictions ( what happened to your 4.5 guess a while ago ? ), but the reality is, this is just going to be a minor correction which is nice and healthy for a shot at breaking the 10.5 resistance.
We will agree to disagree............as per usual.
imo
AVZ Price at posting:
8.6¢ Sentiment: Buy Disclosure: Held
