23rd august is the date to watch

  1. JC2
    4,397 Posts.
    I have traded markets for more than 20 years and it seems that this date marks the start of bearish trading.

    Yes, there have been years when the market traded higher even into early October, but this date has had more than its fair share of highs.

    The market today hit significant long term resistance and so you should treat any subsequent upmoves as shorting opportunities.

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