Good morning guys, manage to start the week with a great rally. As mentioned on previous article as below link:
On my previous article, i recommended a LONG strategies (means BUY) on stocks and indexes or even high risk- crypto. Hence lets me continue to update on the few charts.
SP500 updates: Break out from 3902 and 3920 strongly, however now has touched the upper bollinger band hence will need to monitor for any further breakout to 4010 as mentioned as previous resistance, support now at 3920, 3885 and lastly 3825. For the time being, might take a pause or sideways.
Nasdaq update: After break resistance 12189, Nasdaq strongly head towards closing at 12274. Next resistance will be 12383 (new), 12676 and 12800. Support at 12189, 12111~
DAX update: The legend, so far up the most, due to good news on the natural gas piping continue to supply from Russia to Germany. Break resistance12954 and 13217, Next resistance at 13398 then to 13500~.
HSI update: A great rally after i highlight on Monday, touch the resistance and pullback afterward. New support at 20300, 19716, 18251. Resistance at 21000 then 21500.
BITCOIN: I have highlight to member on monday to monitor for ORANGE box closing, once broken and never look back hahahaa. hence Bitcoin now at upward bollinger, would expect a pullback. Next support at 22733, 22300, 22010. Next resistance if breakout would be 23857, and ultimately 25000.
Hence from the above charts, all indexes are at high RSI, hence trade cautiously with stop loss. U may set the stop loss at below support lines. I will always give first hand in telegram, easier to update.
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Good luck and all the best in this market. Dont give up.