Pashabxl

DOWI: A swing dance B4 FED's interest rate increase

DJ:DJI   DOW JONES INDUSTRIAL AVERAGE
DOWI             may have seen its highest high of the Year. On the macro economic level, more there are sign of economic recovery, better is the chance of FED to increase its interest rate by September 2015. ALthough the increase will be slow, at the minimum level i.e 0.25 base point on the upside, the market is still rather tence on the timing of this raise.
Therefore, One should not expect a better higher high at least before October 2015.
there is nothing to fuel the market on the macro economic terms and ECB's QE will not profit directly to DOWI             or other US market.
On the chartist approach, the RSI is on a rising wedge pattern, ie this is a shape that may announce a break on the down side.
DOWI             may very much swing between the red and the blue trend line ;
should sell in may come back in September may be into force as every year, therefore, the rising wedge of DOWI             may break mid May;
the Brake may be on the downside until 17060, if not 16784. I would later gine intermediate support and resistance level. But at least, this is the level expected as a preemptive move from the market before FED decide to increase the interest rate and the market resuming a long position
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out