Continuing from FCPO Nov Part 4 Outlook, what could we expect for FCPO for the month of December and for the year 2014? Click to find out more.
Remember this date, Dec 3 2013 as FCPO formed a yearly bull run signal when yellow-red moving average formed a golden cross (refer CHART 1 above). Keep in mind once MA golden cross, FCPO will have a slight correction to either 2,545 or red MA support 2,454, especially when DAY MACD currently in deadly cross. Like a human being, the market will be exhausted after spending a lot of energy to reverse it’s yearly big picture trend, similar to what had happened on 2012 June 26. Hence now is not the best possible time to long the market.
FCPO will ONLY start a bull market rally WHEN prices are well supported on either 2,545 or 2,454 PLUS day MACD forms a golden cross.
David Lee
(Futures commission broker & equity remisier, Contributor of futures market trend following)
THE THREE /// LINES TRADER (TFM) 