After last week’s bloodbath – What now?

Carol Harmer Charmer Trading

Asia offered no direction after Thu/Fri’s selloff — maybe the Yemen–Israel hit was already priced in. Now it’s on Europe & the UK to make sense of the damage.

I’m expecting a corrective pop, but no major resistance breaks. The USD is bid, Kiwi still heavy, but opportunities remain if you’re selective.

Wide ranges in S&P, Dow, Nasdaq mean Pivot Points matter today. Nasdaq still above the long‑term 38.2% Fib, so the uptrend holds… …but the 5‑month double top points to a measured move toward 21,399, below that Fib at 22,494. Breaks don’t count — closes do.

Expect a quiet, corrective tone until the US opens. Weekly & monthly charts now leaning lower. Set your structure — this week could get wild.

Author

Carol Harmer

Charmer Trading

Carol Harmer has over 39 years experience of analysing and trading the world's markets and is undoubtedly one of the most respected technical trader in the world today.

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