Markets Analysis
I am not inclined to argue with the price graph, but must say that this time I have fears that the move we saw last week does not necessarily reflect the future – there are a few things that cause me to worry.
After I scanned the stocks, the indices, the commodities, and the foreign currency, the conclusion is certainly not unequivocal. There are a few things that show a contradiction between price levels in the indices and the surrounding environment
Dollar Yen is one
The Dow is the second
And the stock I chose this time is Facebook – these do not show an unequivocal trend of affirmation and support in the process, so let’s take a look
this time I’m not determined, but it’s not exactly what we see or maybe I’m wrong – I’m a human being too.
From January 2018 began the stuttering in the index – so far all is well and good, it does not mean anything right?
Not exactly – note the oscillator I developed – you can see that when he was below the values of area 323 + _ the move was positive by all opinions and we saw it twice,
But this time it has not happened yet!
If he does come down from there then we will be strengthened to a positive move if not, it is another story
Markets Analysis |
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Technically view on Facebook:
Facebook is still negative as long as it trades below $ 179-183
Only a cross-section of these areas will signal a positive moment and an opportunity to close the Gap left behind
Facebook Analysis |
SP 500 analysis |
Facebook has released reports yesterday and costs over 11% – comes to check the Gap, the refractive levels of the rising move: if it closes above the $ 171 area, we have a set up here to catch a move to close the top – it’s worth watching closely!
Amazon, as I have mentioned several times, should cross the 1760 area in order to show a continuing upward trend! If the conditions that I have mentioned exist, expect another incremental move
If not then the story is different:
This review does not include any document and/or file attached to it as advice or recommendation to buy/sell securities and/or other advice