I am going to show you what I learn recently from a veteran trader.
The picture shows the rectangle box, the new drop for the year.In the past, we always think Oct is the drop. But after the crisis, we might have a change.
The circle in the picture shows the computer glitch which cause it to drop. So it has nothing to do with anything, just computer error.
Next the triangle, show there will be a false breakout at about the 60% mark. It will stay low for about 6 days before moving up.And i mean real up move.
My forecast for the end of the year is still the same, for S&P500 1630s.
