Here follows the expected pattern for Monday October 9th:
Early high and decline to a low @ 10:30, rally up to 11 am and decline to a low @ 12:30.
From 12:30 we rally into closing bell…
Remember that the above is a description of an expected pattern, the early high is not necessary a green open, we could still open with a gap down…. ;o
Long term forecast:
I’m expecting next week to print a temporary high, the week after we could see a sharp but short lived decline… The monthly is still bullish and looking to touch the upper long term trendline by Xsmas time… ;o
Weekly chart ner completion of sell setup: