ACC rises slowly and jerkily. It is a characteristic of bull cycles: they do not want, as shown in the stability of indicators of sentiment despite the continued growth indices.
ACC develops a well-known configuration of the upward trend: each new high is marginal and triggers a correction of 60 to 70% of the previous movement .
Consequently, and by iteration, we can expect a return on 4070 within hours / days to come, before registering a new record to 4150 . This summit should lock on the upward sloping resistance in place since January 24. As for U.S., RAS There is always the Nasdaq Composite a very nice set of candles with green fences close to the highest of the day.
CONCLUSION:
I will open very long, probably the CWC 4070. The stop will be short: in 4040, and the goal to 4150. If this scenario does not work, I will seek an entry point lower at 4010 or 3955. I note that no support is still broken on the values of ACC, and has been for several weeks.
ACC Position: neutral pending open long decline.
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