stock market technical analysis
The markets jumped wildly and made a stunning correction in January – most of the major reports behind us, we only have Amazon to close the corner.
There are a few things you should pay attention to:
The indices reach extreme levels before the journey continues upwards, or is this the end of the correction?
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:
SP 5002691-2738 – cross above those levels will confirm more up while staying below will show us its only a correction to the declines the markets have experienced
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| SP 500 ANALYSIS |
NASDAQ 1006860-6950 – cross above those levels will confirm more up while staying below will show us its only a correction to the declines the markets have experienced
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| NASDAQ 100 ANALYSIS |
DOW JONES 25,300 – cross above those levels will confirm more up while staying below will show us its only a correction to the declines the markets have experienced
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| DOW JONES ANALYSIS |
This review does not include any document and/or file attached to it as an advice or recommendation to buy/sell securities and/or other advice