Dow created a V3Go Cluster formation. Traders are advised to be careful today.
Posted by admin in Commodities, Futures Pick, Market Analysis, Stock PickGood Morning,
Crude did hit below US$80/barrel but reversed its direction after brieftly going below US$79 level. I am happy that some of the V3Go grads made some good money on their Crude Oil short. Our Dow forecast didnt come true as the health care issue and Citi group upgrade led the positive side. (Rem I mentioned before that soon, the banking sector will have some of the stocks being upgraded?)
But based on our V3Go System, the Dow formulated a V3Go Cluster formation on a uptrend and that usually significed a potential new big movement is about to come. Although we cannot confirm which direction yet but the Upside is 11,100 while the Downside is 10,560 level. The Dow closed at 10,785 overnight. So traders must handle the next 1 week trade with care.
The STI must stay above 2896 today to secure a potential recovery, after its sell down to 2889 yesterday. Failing to close above 2896 will not be good for the Long traders.
May you have a fruitful day in trading in the Asia markets today!
Kelvin Han
aka Trend Master
Chief Trainer
Originator of V3Go Mentoring Program
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