First I thought it would be second week of March … And yet we are into second week in April and there is not much sign of a coming correction in the major US, European or UK indexes.
When I say correction, I mean Dow down to 19k and Dax down to 11K and FTSE down to 6.7 k. Not a crash but a correction.
Could it be the traditional sell in MAY ? It may well be as we need to visit DJIA 19,000 ish sometime this year …and when and if it does it won’t stay there as I am confident 2017 will end on a historical high note for DOW and DAX and very possibly FTSE.
The correction is very close, longs be careful, caution is king !
All in my humble opinion and no investment advice intended.
Andre Minassian
I am running a challenge on http://pelican-trading.com/invite
The challenge begins tomorrow 12 of April 2017 – You can join the challenge at any point before a winner has reached his/her target.
You can download the app free, create a live account within minutes and join the challenge with minimum of 100£ fund in your account. The winner is the first trader to double their trading fund with which they started the challenge with .
My group is CHALLENGE : Who can double their trading fund first !
http://www.pelicanexchange.com/
You can see my LIVE trades and follow them if you wish – A good place to learn and show off your trading skills.
The prize is a Trophy which you can display on your desk – Winning !
GOOD LUCK
I’m going to join the challenge Andre, so exciting, could become famous then :)
The drop has began I think Andre, or it’s fake dive? Tomorrow shall know what they are doing here.
Love the challenge on the app, specially that it is live and for once I can see how and what you trade.
Will join
Thank you
Chris