Markets rose quite nicely last week, giving us a good start for the current lunar Green Period.
Long term uptrend remains intact. Look for the market to try to push above 2900 this week. Failure to do so would send out a warning for the next upcoming lunar Red Period in early August. Strong resistance is likely at the 3000 level.
It is an interesting situation going forward. Let’s see if the lunar cycles continue to keep us on the right side of the market.
Good luck, Danny