Sive Morten
Special Consultant to the FPA
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Good morning,
market now is showing some upward retracement due hitting of intraday Butterfly target. Still, odds suggest that this retracement should not be too deep, at least based on existing price action. After that market should proceed lower - our daily and medium-terms scenario holds well:
The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
market now is showing some upward retracement due hitting of intraday Butterfly target. Still, odds suggest that this retracement should not be too deep, at least based on existing price action. After that market should proceed lower - our daily and medium-terms scenario holds well:
The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
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