Hi everyone,
As you can see we have already break the bear channel. The price has respect the bull-channel and the 200 simple moving average around the soport 23. In addition a rejection candle appeared (a hummer).
We can expect for the next week a new high above 45 level.
Alternative Scenario, if we lose the bullish channel and break below the 23 we can consider to see a new higher highs in the NYSE.
The economic and sanitary conditions actuals, don't invite you to bet for a bull-market, but we have the Fed that will do everything possible to stop the market decline, even if it is a simple correction
As you can see we have already break the bear channel. The price has respect the bull-channel and the 200 simple moving average around the soport 23. In addition a rejection candle appeared (a hummer).
We can expect for the next week a new high above 45 level.
Alternative Scenario, if we lose the bullish channel and break below the 23 we can consider to see a new higher highs in the NYSE.
The economic and sanitary conditions actuals, don't invite you to bet for a bull-market, but we have the Fed that will do everything possible to stop the market decline, even if it is a simple correction