Hi traders and Happy Holidays for all of you!
This week, I made 4 targets for both side cause of Holidays.
I like the big drop till ~1424.00 on Friday.This way it shows me that the Market respects my trend line.
Few thing to take in consideration for next week: "Blue Trend Line" , My "Green Up Trend", and "Fiscal Cliff" "Blue Trend Line" : As you can see,1429.00 was a resistance and support for long time. And because we close above 1429 ,for next week, it will act as a Support for buyers. "Green UP Trend" : As you can see, is a good thing that we had this sell-off on Friday, this way, we have space to go Long and go higher than before. Market looking to go back in my "Up Consolidation Zone" "Fiscal Cliff": If US fix this discussion in a positive way, we go "Long" if not "Short". Personally,(is only my opinion)....I would be very surprise if they don't agree on something before the dead line. Direction: I'm looking for "Long" only...as usually I will take if I have my[...]day trading course
