Stock Markets Technical analysis
Has the crash reached financial markets and a new era is ahead of us?
Global stock markets staged a mild rebound on Friday, one day after big losses sparked by heightened economic concerns, notably over rising US interest rates that have drawn attacks from President Donald Trump on his fed central bank.
Dow Jones, S&P 500 and Nasdaq Index have all been experiencing volatility in recent days weighed by rising bond yields and the trade war with China.
The Dow fell nearly 1,400 points on Wednesday and Thursday but turn back on Friday.
Markets suffered from selling same as February, Most market watchers saw last week’s surge in 10-year US Treasury bond yields as the catalyst for losses on Wall Street.
Yields spiked at an unexpectedly fast rate, prompting worries about a sudden acceleration of inflation and more aggressive Federal Reserve interest rate hikes.
One more important thing is 2018 midterm elections in USA this November 6th -The key question in these elections is: will Republicans will be able to keep control of both chambers of Congress?
If the Democrats take over and be a majority, then there will be a problem for President Trump, and this will weaken him and will prevent from advancing and implementing his plans
Instead, winning the majority of the seats by Republicans will ensure his strength, and his ability to continue on the way to carry out his plans, That’s why I think we will not see big moves in the stock market until the results of these elections are confirmed, which means that by this date, the stock markets in the US should be shuffled.
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| Stock Market analysis |
Technical analysis:One can see the clear convergence, which was one of the declines that began in January an examination of the level of resistance, buyers versus sellers is reflected well on the price graph of the index In my opinion, in May, the beginning of the real recovery can be seen very well. What now? As I said, and from the technical perspective, the level of support can be clearly seen in the previous peak area at the beginning of the year, when I think that the main level stay in the price level of 24,800+- point area in the DOW JONES and 6800+_ points area in the NASDAQ -those are the key points. The continuation of the move moves towards high price levels and creating new highs
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| Nasdaq chart analysis |
This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice