Lucky for me , there is chart to rely on else I would not know how to trade. Some of this news are conflicting with one bear camp saying the recession is near, the crash is imminent while the bulls guy say buy the dip. I mean these are professors and investment bankers likely to have their CFAs and what's not, making it hard for retail investors not to fall into their trap (no pun intended).
“All warfare is based on deception. Hence, when we are able to attack, we must seem unable; when using our forces, we must appear inactive; when we are near, we must make the enemy believe we are far away; when far away, we must make him believe we are near.” Sun Tzu
Maybe, the word "deception" may carries a negative connotation. Perhaps, we can substitute it with influence a more neutral word. Who isn't playing this role today in the world of internet and connectivity ?
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Let the resistance at 3100 be broken up and we will see a higher high.
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1st attempt on 3/3 failed, now is 2nd attempt.
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extremely brutal fall.........be careful now. please please ensure you have your SL in place.
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you can see that the support is found at 2759 level. Now. 2855 level resistance is break out and closed above. Should this level be able to sustain, we can expect it to go higher from here.
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