Dow falls to 16000
This idea is actually the same as I posted early January.
We have reach the starting point of three suggested scenarios (on the date exact btw).
Technically:
- RSI can go much lower, I would like to see it go below 30.
- it's been testing a trendline 3 times since December, time to break
- EMA 100 is broken
Non technically:
- Europe indices are on a high, will Draghi set things in motion?!
- Oil...
- Russia
- some financial institutions in Europe are not OK
If it falls below 17000, we will see 16000! Which means we have a healthy correction of 10%
We have reach the starting point of three suggested scenarios (on the date exact btw).
Technically:
- RSI can go much lower, I would like to see it go below 30.
- it's been testing a trendline 3 times since December, time to break
- EMA 100 is broken
Non technically:
- Europe indices are on a high, will Draghi set things in motion?!
- Oil...
- Russia
- some financial institutions in Europe are not OK
If it falls below 17000, we will see 16000! Which means we have a healthy correction of 10%
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