currently we are seeing us30 get rejected off a very strong resistance (exactly as predicted) and now it is time for us30 to go way down!
before we go to 33k we are going to need at least 2 major sell offs and i think that the first one is about to happen.
on this chart you can see a rising wedge (bearish pattern). i do think that we will stay in this wedge for a couple of days if not the entire week
once price breaks down from this wedge expect su30 to start selling off for a week or two.
here are some selling points/ targets for you guys:
a good selling point is at 31,729 your first target/ second selling point is at 31,243 your second target/ third selling point is at 30,939 your third target/ forth selling point is at 30,669 and your final target is at 30,22
once it hits all these targets you can expect some consolidation to occur and that is a good thing because that makes it a lot safer to enter trades at the bottom! once it does start to push up from the bottom your target is 33k... i will make another post talking about 33k once we do reach our selling targets!