Hi, today we are going to talk about Berkshire Hathaway and its current landscape.
Berkshire Hathaway, we have the breakout of a symmetrical triangle followed by an accumulation bellow the Uptrend Line which shows us the weakness of the bulls and an energy build-up of the Bears, that is going to look to the next support target in the following days.
Thank you for reading and leave your comments if you like.
Today, Thursday, August 29, 2019, the SPX500 index at the opening of the European stock market rushed up to the zone of monthly volatility of 2933. This is a good sign of the continuation of a long-term upward trend. On Monday, we expect reports on the index in the US manufacturing sector - PMI, which will tell you about the affairs in this area of ??the economy of the United States. Also yesterday, purchases of securities were observed on the NASDAQ exchange, and there was lateral movement on the AMEX exchange in the first half of the session, and then growth began in the second half as well. Therefore, today the priority is shopping to break through zone 2933
Judging by the cumulative delta of futures for the DowJones, SP500 and NASDAQ indices, a steady upward delta is visible, which confirms the intentions of large participants in the trend up
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For cooperation, consultation, training and management, please contact in a personal message or on the website
Artyom Yaskiv (SMART4TRADER)
TexasBull4Money
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Thanks for sharing the information. I totally agree with your technical analysis. Rather than shorting or selling the security, I have sold covered calls. I still believe the long-term prospect of this company and its management.
#SPX500 review by SMART4TRADER 08/29/2019
Today, Thursday, August 29, 2019, the SPX500 index at the opening of the European stock market rushed up to the zone of monthly volatility of 2933. This is a good sign of the continuation of a long-term upward trend. On Monday, we expect reports on the index in the US manufacturing sector - PMI, which will tell you about the affairs in this area of ??the economy of the United States. Also yesterday, purchases of securities were observed on the NASDAQ exchange, and there was lateral movement on the AMEX exchange in the first half of the session, and then growth began in the second half as well. Therefore, today the priority is shopping to break through zone 2933
skrinshoter.ru/i/290819/OnaLaWu6.png
Judging by the cumulative delta of futures for the DowJones, SP500 and NASDAQ indices, a steady upward delta is visible, which confirms the intentions of large participants in the trend up
skrinshoter.ru/i/290819/RLJzyRSP.png
The DOWJONES - NASDAQ * 3 spread chart also shows profit taking and the transition from arbitrage trading to classical, linear trading
skrinshoter.ru/i/290819/LblWYnvR.png
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For cooperation, consultation, training and management, please contact in a personal message or on the website
Artyom Yaskiv (SMART4TRADER)