Technically is very important in these moments the bottoming of the three indexes. DJIA needs to be and sleep over the mentioned negative trend line to start to repair charts damages. This reverse filled the November gap which is constructive in the technical analysis. The chart shows the November high as a lower high which is bearish. S&P reversed from the defined resistance SP2,817.ĭJIA did a November high and retraced from that level forming a negative trend line coming from the all-time high at the beginning of October. DJIA stays over its 200 days moving average (long term indicator) while S&P and NASDAQ Composite have broken these important supports to the downside. Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!ĭJ Support: 25,112 200 Days moving average Be calm and cool, have control on your emotions. I a still positive withe the stock market and I expect a nice stock market in the next year. economy is a reality, it is working with an excellent steam and we expect positive 2019 gains.ĭear traders and investors, all the political concerns has to pass and the economy will be in play. is the budget deadline and there is a risk of a shutdown. claims her to be prosecuted by the bans on doing business with Iran.ĭecember 21st. The yellow-gillets have created problems for about 0.5% of the PBI of the country.Ĭhina's Huawei CFO, Whanzhou Meng, is detaned in a Canadian prison. Le President Emmanuel Macron had to reverse his decisions about the gas tax. UK prime ministers is in dificults about the Brexit-deal vote, the UK pound became weaker. We are living with political concerns in all the globe. Uncertainty is the hell for the financial markets, capitals are cowards, they fly immediately to safe havens. The market is plenty of concerns and they weigh in it. Please click over the chart to enlarge it. The mud and long term bias is bearish right know but the three indexes are above their important supports and still in their consolidation ranges. One day reversal from December low is not enough. The great volatility in the markets are expressed in 2,099 downdraft points in DJIA in five sessions from December peak. DJIA broke down the important supports DJ24,719 (2017 close) and DJ24,876 (2017 peak), they have became resistants now. Is the index bouncing up from the December downdraft? It is clear that DJIA reversed from 7 months low. There are three important support in the consolidation range DJ23,250 - 26,824.78, they are DJ24,000, 23,500 and 23,250.
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