Analysis on SET INDEX: Update after Black Monday
Dear all,
Instead of being the start of good momentum, it gap down and make new low.
But SET index then rebound and the support 1270 can spring back up.
Now it shift from upward momentum to consolidate in 1270- 1320 //
no clear direction // break down = cut or short // break up = buy
The good chance to open long is when SET cannot drop below 1270-1280.
The good chance to open short is when it enter the zone 1310-1320.
now it would be 50:50
Best Regards,
TraderPP
Instead of being the start of good momentum, it gap down and make new low.
But SET index then rebound and the support 1270 can spring back up.
Now it shift from upward momentum to consolidate in 1270- 1320 //
no clear direction // break down = cut or short // break up = buy
The good chance to open long is when SET cannot drop below 1270-1280.
The good chance to open short is when it enter the zone 1310-1320.
now it would be 50:50
Best Regards,
TraderPP
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