Good morning !
What a day - Gapped down and is running down now ! I hope all of you have noticed last Friday, we forecasted a gap down this Monday. Hope it can help you to profit from such gaps.
Euro steadily dropped down to ~ 1.38 now. It may be very possible for Euro to drop to 1.37 level very soon.
That's our prediction for Euro here.
Hang Seng index down 2.28%. European stock market is heading down. China's Shang Hai index up 0.52%.
QID may hit 34 soon.
Since last Friday's intra-day reversal, as predicted, today's gap down and running down is really a warning sign for bulls.
If a big close down candle is formed today, then last Friday was the pivot point for a correction. So, stay alert, bulls.
More analysis and conclusions will be posted later.