If you look at T2108 we are reaching levels around 20 which have been levels from which rallies have started in last few years.
If you look at MM, this is just the beginning phase of sell off with significant and growing divergence.
If you look at QE indicator, every time QE ended it has lead to 10% plus correction. QE3 ends next month.
Bottomline treacherous conditions for momentum burst kind swing trading.
Wait for conditions to improve before committing big money.
No comments:
Post a Comment