Hi Mongo
Just to comment on your chart. A rally is possible and I think it needs to retest at least 1060 before heading down.
The inverse head and shoulders are also part of a bigger head and shoulders pattern going back to november 09 and It looks extremely bearish in my oppinion. Its not a clean pattern but its there and its looking at at least 800 on the down side.
The fact that is has paused at 1050 could indicate maybe a rally but I think we'll be testing 1000 before testing 1100 again. So hence looking to short around 1060 or better level. I'm a bear for a while yet.
Cheers
Poul
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