A regular look at the markets from a fixed-odds perspective.
I see this taking a small dip over the next week or so into December. Why? Well, I think the markets will rally swiftly, yet it will be short-lived so you will need to move quickly in order to catch the move.
In fact, I see many things bottoming out now as support levels have more or less been cracked – temporarily.
The EUR/USD, GBP/USD, Dow, FTSE and S&P 500, etc should all hold where they are or even rally a little into next week before we see further downside pressure.
Two reasons for the market holding:
There is no way I would entertain buying the markets hard here however, as the brief rally or HOLD we will witness could be as brief as literally – 1-2 sessions! Not long, but that's not a problem with fixed odds betting.
Let me tell you the levels of where we are looking to buy and sell for each market...
It’s right here at the red line juncture, where I see market halting for a short while (might even be shorter than we think), before the next thrust lower is seen and by thrust I mean freefall below 10,000.
The next two weeks should coincide with a small sell-off with gold (rally with indices) and then when gold rallies back toward $1800 toward Xmas and into New Year I see the Dow tailing below 10,000 and bottoming out in the low 9,000’s.
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Matt Shaw quit the rat race a decade ago to take up trading financial fixed-odds betting and has not looked back. He trades for himself and mentors others via fixedoddssuccess.com
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Thu, 1st Jan - * After a relatively subdued start on the FTSE 100, stocks surged in afternoon trade as comments from the Chairman of the Federal Reserve pushed the index to fresh 13-year highs.