Technically speaking – Corona, what corona?

Two weeks ago I ‘forecasted’ that the market would head upwards to 1470 before making a slight pause. Well, it did just that – it went to 1470 on the 29th of May and paused – mainly because the market closed. The next couple of days, it just sailed upwards, seemingly not wanting to look…

Technically Speaking – another update

A quick follow up to my last post. Seems like the weakness I expected never materialised and the market held up quite well at the 1370 Fibonacci line and has completely flew above two resistance areas (marked red and green respectively). What could be driving the rally? I don’t really know, as far as I…