Thursday, August 17, 2017 6:18:02 PM
Whats the Biotech sector looking like...
A resistance topping zone at 80 area. could roll over now. heading down into end of year and lower in 2018.IF that's what the market forces intend to do next. resistance at the 70's was 'overcome' and now resistance at the 80's would start the downwave from here.
easy Fibonacci math, shows a rally from 43 to 83 comes back down to test 63. then caveman says 63 bounces up half way to 73 and meets the resistance shoulder at 73 and gets Hammered down again from there into a dangerous market cycle 2018.... where a crash could be setting up.
This current peak at 80 area, could be the beginning of the next great downwave to come. or not at all. Maybe this is just going to be a normal retrace to 65-70 area, followed by an eternal upwave rally that never stops. in a stock market that never goes down anymore, in a country that is bankrupt but that doesn't matter either in this new reality.
A resistance topping zone at 80 area. could roll over now. heading down into end of year and lower in 2018.IF that's what the market forces intend to do next. resistance at the 70's was 'overcome' and now resistance at the 80's would start the downwave from here.
easy Fibonacci math, shows a rally from 43 to 83 comes back down to test 63. then caveman says 63 bounces up half way to 73 and meets the resistance shoulder at 73 and gets Hammered down again from there into a dangerous market cycle 2018.... where a crash could be setting up.
This current peak at 80 area, could be the beginning of the next great downwave to come. or not at all. Maybe this is just going to be a normal retrace to 65-70 area, followed by an eternal upwave rally that never stops. in a stock market that never goes down anymore, in a country that is bankrupt but that doesn't matter either in this new reality.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
