Since Palindrome day, my line in the sand is well known. I lost all hope on my clear "strong (all time-frames) bearish view" when markets, flying above 1371 (in another FED´s day), climbed to May 2008 highs, ...
Starting on my birthday (3rd of April), price action gave me and the bears, a second chance.
Markets contemplated us (me and the bears) with a top that make my line in the sand even more strong, as it puts the golden retracement right at my key level...
The trend is up for up to 5 months now, so bull can always strike back if they manage to hold 1371, 1340 or even 1289. But lets stay focused on 1371.
Bulls, hold this one, or bears will wait you at 1340. This week...
Short term bang bang areas: 1368/71, 1379/83 and finally 1402/07.
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