As shown in my monthly cycle charts (qindex.com) the current expected trading ranges are 10557 - 10749 - 10940. The odds are in favour of maintaining a short position when DJIA is trading below 10940. The projected series also indicates that the market is challenging the supporting strength of 10725 // 10892. It is conceivable to believe that the market is pulling towards [10603]* as suggested by the trading reference.
The current expected lower daily trading range is 10696 - 10749 and the upper daily trading range is 10889 - (10947). The daily directional indicator is (10947) - 11029 - 11125*. The market is under pressure when it is trading below 10947. The distribution profile of super magnets are as follow : - (10486) - 10611* - 10696 - (10947) - 11029 - 11125* - 11362 - (11408) (One have to be very alerted if the market exceeds either end of the distribution profile within this week). A projected supporting barrier is located at 10557. A projected resistant level is positioning at 11131
DOW Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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