JKSE Macro

After this afternoon's sudden rebound with additional rally happened, finally the IDX closed above the resistance of 2543 level of psychology.

Well, before giving some hints for tomorrow, I'd like to analyze the IDX 1st. As it almost created a Head n Shoulder pattern finally it is almost failed, but tomorrow will be the confirmation, if tomorrow the IDX go up, then it is quite safe for us to invest for that time, but if it failed to retain the level, it might confirm the creation of HnS pattern which will lead to another dropping of IDX.

Here're the possibilities:

1. IDX continues its rally upward to the resistance of 2619 and continues to 2688, then it is going to continue to increase
2. IDX failed to continue the rally and decline. But where will it be??? This is the question..... Here's the answer: If the IDX confirmed the creation of HnS then it will drop down to 2448-(2688-2448)=2208, that's the worst case, in the other hand it might crossed some resistance at 2400, 2278, 2235, then to 2208. But as the experience talk that it has ever failed creating this pattern, but remember to stay alert.

Happy Investing^^

Disclaimer ON!!