Business Magazine
Just a brief update as I am away until May and will not be posting much.
I have been watching the potential breakout in CAC for reversal. The implications of this are in the prior post. Prior Post Re CAC.
Today CAC broke the low of the weekly breakout candle off that large harmonic resistance as was anticipated. This is now presently a failed breakout until it is not and has bearish implications. Chart:
As was posted on Twitter I am currently monitoring short term support to see if it can be broken going into the short term March 6 cycle low date. Twitter post:
Essentially, some cycles allow for another run into March 17/April 7. Though this has nothing to do with longer term (why my stop is at 1920), I will likely play it short term if the short term support holds. As of now, I am not guessing that it will hold.
Peace, Om,
SoulJester