Markets have been flying and putting a big smile on investors face recently. One should ask the question though; have markets been extremely overheated now??
First half of the year has been very similar to 2008, constant rise in the markets with a new highs (almost) on a monthly basis. By all means we don’t mean a scenario like 2008 but its time to be careful.
We believe a rapid drop on DOW30 is on the corner. Our initial target price is 21150. There will be a weak support there. Should the drop gets weaker, we will see 21000 level.
This cannot be considered an investment advice!!!