Markets analysis forecast
Last week we saw strong movements in the indices, starting with ascending move at the beginning of the week, which intensified on last Monday when the Dow Jones reached 25400 points. However, since that day the index reversed and returned to the downside.
This trading week start with big declines, with sharp movements of about 1,000 points from high to low
There are a lot of decisions and things in the global environment – in one word its ” Trump “ – he Calls For $200BN More In Chinese Tariffs and Beijing Vows To Hit Back, the endless game who will win?
Will markets going to test double bottom or it will be a significant correction
I’m expecting to see again 243000 points in Dow Jones – and we will see from there
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| DOW JONES ANALYSIS |
You can see the convergence of the price on the graph, as well as the support – strong movement, is supposed to go out, but you have to wait for the point where the risk is in favor of traders, there are several options: one is to grab the edges of support and resistance and trade them in range
And second is to take a long or short trend position in breaking or breaking critical points
In the SP 500, I’m expecting to see again 2709-2719 – and we will see from there
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| SP 500 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
