Big Call....time

Ok, its time to make another big call, i think we may have a similar set-up to the same period in late May. People were calling tops and the need for a pull-back and its very similar to now. Markets are not linear so a retrace 'up' before a more solid move 'down' is needed.

the big call - 3920 on the 30th June then a move 'down'.

The below graph highlights what happened in late may and what i believe will happen now. this is represented by the 'blue' lines.

Note; the red line is a L-T Fib line on a 'weekly/daily' chart that i have previously posted.

Also seems like the 3720 might not get touched just yet, but don't rule that out in the S-T (i was hoping we would hit the 3720 in last nights trading but i could be a day out)




safe trading