Again & again, every time one thinks he/she can constantly forecast the future market direction – the market always shows us (analysts) who is the KING OF FORECAST.
Below is the week’s diagram of the NGSEASI Trader’s Navigator Trendline (STF_NGSE_TNTL) indicator which is leading us to expect to a further fall in the NGSEASI (index) as there exists a ”SELL” signal.
Now, below is the week’s diagram of the NGSEASI (Index) which may be forming a flat pattern as far as the support level @ 39,817 pts is maintained.
It is clear that the market is still searching for a clear direction as it continues it’s sideways zig-zag movement. Eventhough, there may exist a short-term bearish trend, our intermediate-term investment strategy remains bullish unless 39,817 pts level is broken.
THE MARKET REMAINS KING, LONG REIGN THE KING…