Having said that, this is a prediction of what will happen in the near future, and remember “Prediction is very difficult, especially if it's about the future.”: The indexes will keep last days levels marginally, maybe going up a little but soon it will come a big drop day that will take the indexes near today’s level, or worse, they’ll start going down immediately this week. After a drop of about 3 to 10 percent it will follow a whipsaw period and then the uptrend will start again. Anyway I am completely out of the markets having selling my last positions today, I am not short and don’t foresee going short soon, for shorts I need special confirmation: first a quick move down followed by a trendless period and then I will take the second short after it is confirmed by traditional technical analysis.
One last thought about markets dropping in the near 2 months future: I am a Dominican national and resident, we don’t have a “bourse” here since there isn’t a single publicly traded Dominican company, but if we had a stock exchange here there is no way our markets are going down two months before a presidential election.
The Dow Jones met its target at 13250 but it is above the stop line at 13272 so it is a trade-off, either you keep your long and sell at the closing below the stop hoping it keeps expanding weekly or take profits at target, I sold today.
With technology is more or less the same, Tech gave the long signal after the Dow so it is supposed to end the uptrend later, the target is not met yet, I bought with leverage so decided to sell today, no one goes broke taking a profit.
מזל טוב all,