After the Bear shocked everybody by slashing the market early Monday morning (Asian session), the storm has calmed a bit and for now the price resting at 1735 area.
Damage has been done. A lot of accounts blown up, but the bear must continue it's path down.
Looking at the strike that cross the LB Quarter and touch 1687ish, the bear must find it's momentum down to make another strike.
The target for this semester is to break it's LB which is 1676.65 on my broker pricing range.
So, I might want to put S3 Week which is equivalent to S4 Month at around 1661-1666 range as my target price down.
Heck, even it could touch S1 Quarter which is 1630.97 before this week ends.
Let's watch the bear make some actions.
Damage has been done. A lot of accounts blown up, but the bear must continue it's path down.
Looking at the strike that cross the LB Quarter and touch 1687ish, the bear must find it's momentum down to make another strike.
The target for this semester is to break it's LB which is 1676.65 on my broker pricing range.
So, I might want to put S3 Week which is equivalent to S4 Month at around 1661-1666 range as my target price down.
Heck, even it could touch S1 Quarter which is 1630.97 before this week ends.
Let's watch the bear make some actions.