Yesterday I had indicated the drop to start today and as expected it happened, even though it did not sustain. The short term trend has reversed as of today’s close (see chart) even though the HDS and 2000 NN systems is still in Bullish mode. The 15 min chart (Not shown here) too has given a SELL signal. The price action of today should be taken as a warning sign. Normally such large moves results in a couple of volatile days and hence I expect such an action tomorrow too.
You can see from the chart, how precisely the trend-line to trend-line move happens. Simply beautiful dynamics…
Unless anything favorable happens tomorrow, we should a deep negative day’s close tomorrow
