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After a rally of nearly 20% in 2 weeks, almost continuous up days, I cannot even see one decent red candle on this chart, I feel we are due for a correction.
1008 which was the top of 4 Nov 2008 and the top of the ‘Wedge’ trend line has been reached and today’s candle was in my opinion hangman so i am expecting a wide reange down day tomorow, targeting 980 and over the coming days 960 maybe lower.

My strategy is to short at this level (998-1002) with a stop above 910 and targets as mentioned above.

Please remember that this analysis is only my personal opinion.

Any trades are done at your own risk and I take no responsibility for you acting on this or any of my other opinions or trading ideas.

Always do your own homework and never blindly follow someone else’s recommendations.