Hi ALL
Dow dropped 800pts for the week, but the good news there is very little down side now with the long green coming on thursday, the low is in, sub wave 3 up imminent.....santa rally is on
Global X dropped 8% for the week, could drop as low as 84 support next week then sub wave 5 up follows.....
So, with the Macro shatting the dacks this week, its no wonder AVZ had a wild ride, challenged ATH early on, then got as low as 52 then firmed up nicely to finish the week dead even......pretty strong result.
RSI 14 is still very OB, but has gone as high as 89 so .......
So with the macro still up and down and FA news who knows when , hard to tell how next week plays out, maybe some early weakness to start the week off then gradual build at the latter, nice strong support at the 23 fib, thats where i see ABC finishing, with 54.78 support worst case but just cant see it happening with such important news on the horizon and the macro on imminent reversals.
RSI 14 on the daily is getting to a point where there is going to be some nice jet fuel to play with when news hits........
Thats all i care about.
I might go for another sneaky top up, i have been clearing up some funds with a few of my snooze stocks.
Lets see what transpires .....starting tomorrow.
Everything is IMO
Good luck all.
(20min delay)