Just a quick update - not much to say, markets is in the making of forming a top, I dont know if its a short term top or a longer term top, but at least everything is indicating that a move down should occur short term. The ISEE Index too high, put/call ratio also indicates we are at extremes here and the RSI very overbought, the sentiment index also suggesting too many bulls now and everything is just going up they say. Santa rally here we come !!
Well my target for the move down should be around 1150-1180 area first and I think we could see it in the next 2-3 weeks from here. The dollar is in the making of the wave 3 move up and has been consolidating for 2-3 weeks now (Sideways/Down) but is holding very well above my 79ish target for support. Now just waiting for the dollar to take the big move higher and move into 84ish area short term.
For the astrology traders out there we have a full moon and lunar eclipse today , which often means "crash" or good reversals in markets. Well I dont know, but if you follow this, just take it in mind.
Overall the top is in making, we have been choppy trading up and down a bit around 1230-1250 area and the top should be here before a nice move down.
Well well - good luck to all and enjoy these holidays.
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