K200 seems to be in a pause mode, undecided to go up or down. Base on Fibonacci Extensions, it is at its 76.40% mark, which is also a good place if it decided to reverse and go down. Or it could target towards 100% zone like the previous run up.
This blog is to pen down my journey of trading Options. I focus primary on the Options in Asia Pacific, especially KOSPI 200 Options in Korea Stock Exchange (KRE). The main strategy is Selling Options, in particular Credit Spread and Iron Condor.
Sunday, May 25, 2014
Weekly Market Reivew K200
K200 closed at 263.42 on Friday, 23-May-2014, gained 0.45 (0.17%) over the last 5 days, up and down in directionless way.
K200 seems to be in a pause mode, undecided to go up or down. Base on Fibonacci Extensions, it is at its 76.40% mark, which is also a good place if it decided to reverse and go down. Or it could target towards 100% zone like the previous run up.
K200 seems to be in a pause mode, undecided to go up or down. Base on Fibonacci Extensions, it is at its 76.40% mark, which is also a good place if it decided to reverse and go down. Or it could target towards 100% zone like the previous run up.
Labels:
K200,
Weekly Market Review
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