Market Shake Off Zones for 2016
Dow Jones Index and others indices in the world are climbing higher since the day after Brexit on 24th June 2016, FTSE has jumped over 1100 points from 5740 to 6860, Dow Jones Index has broken the record high and is seeking higher, from 17070 climb all the way to 18640 that is over 1500 points within only 17 trading days.
The Financial News pulled out by the elites to shake off the long term buyers/stock holders was very successful and so indices was able to climb higher without any resistance during this uptrend, as negative news was kept reporting before and after the Brexit, private investors and traders was too scared to jump in the market during this opportunity, now indices are in a ‘Bull trend’ according to some of the financial news report, only month and half ago, news expresses depression and now they turn and said market will seek higher ground. If one follow these Sh*ts, surely will end up killing him or herself!
On 24th June, I shared about the cunning moves of the elites with a question in my timeline: https://www.facebook.com/kakeung.choi.9/posts/1755423764669262
Now, for professional traders, questions like ‘where is this up trend takes us to?’ ‘How high can it goes?’ ‘When is the next resist zone/levels?’ These are some of the questions traders and investors would love to be able to forecast and predicts. For those that read only financial news, it is now they find comfort to enter long in the market as these innocent people are the sheep elites wanted to trap.
On 9th July, I shared a post, forecast the possible shake off zone for the coming months. https://www.facebook.com/kakeung.choi.9/posts/1758356387709333
as no one can forecast correctly when elites going to bring down the market, and so I can only expect a possible correction pullback from data we do not have. levels and zones that elites could start their action of selling (trade higher price stocks to those innocent sheep)
After a month, Dow Jones Index has reached the first shake off level at 18650 (see Chart) this is but only the first sell off levels, there will be few more levels to come before a true retreats could take place (I expect a down turn around 23rd Oct. a week before or after that date) , but when it does, this time should be the real one, as many time, elites has created a illusion that Dow Jones is strong, as every time it dropped in these 18 months, it always recover fast, as so a sense of buy back habit has formed by the investors, so whenever index reach a lower levels, market will just jump back in. This time one need to be careful. So watch out for those support zones, break them further low will index be heading.