Sensible Discussion about Market- Not its Over, page-76

  1. 3,411 Posts.
    lightbulb Created with Sketch. 221
    Just did some more calculations, and this is noteworthy...

    The pullback in Jan 2020 was -2.8%

    -2.8% from the closing high we just had, takes us to
    7179,
    AND closes the gap between 2 & 3 June, which is @7218.

    A drop to actually hit 7179 could be expected to find support in that area.

    But the gap is a decent probability play.

    Certainly something to watch out for...
    I'm not saying it's definitely going to happen.

    https://hotcopper.com.au/data/attachments/3284/3284727-ea86d9bcebf1fa57a5af3f2bf925a062.jpg


    Yeah, it's totally going to happen

 
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