AlphaKing

How Are You Liking October So Far?

Here we are now 3% lower than where I gave a warning signal up at 9850. As suggested in my initial warning comment I believe we still have at least another 1-2% move lower in the short term, then there is some strong support. If we get a break below 9300 level, which is moderately likely due to the bearish pattern formation with which a solid break below 9300 would confirm. Confirmation should then bring at least another 5% drop, but I believe closer to 12-15% fall from there in the medium term.