$DJI Dow Chart 20 years, still looking strong
We are flirting with but above the ichimoku cloud, indicating further upside, RSI went from above 80 and reset since February back to more manageable levels without to much of a correction, MACD has crossed over for a 2nd time (only negative indicator atm)
If we see a fall into ichimoku cloud we need to be wary and prepare to exit stocks into cash
A decision could be approaching around 27th of August
RSI we want to see a double bounce on the 50 mark
MACD we want to see a turn around, this double cross into the sell side is not good for a strong bull market, this has been forced by the trade issues atm.
Overall market is still looking strong, we are seeing alot of FUD and increased worry with market news, however the DJI is holding strong even with extremely negative sentiment from news sources who are trying to get clicks and create panic as always.
At the moment still holding my positions to await further indicator and decision, still believe in a capitalistic market, having TRUMP whos very pro capital and business is very good for the overall trend of the US stock market and indicators much futher upside.
If we see a fall into ichimoku cloud we need to be wary and prepare to exit stocks into cash
A decision could be approaching around 27th of August
RSI we want to see a double bounce on the 50 mark
MACD we want to see a turn around, this double cross into the sell side is not good for a strong bull market, this has been forced by the trade issues atm.
Overall market is still looking strong, we are seeing alot of FUD and increased worry with market news, however the DJI is holding strong even with extremely negative sentiment from news sources who are trying to get clicks and create panic as always.
At the moment still holding my positions to await further indicator and decision, still believe in a capitalistic market, having TRUMP whos very pro capital and business is very good for the overall trend of the US stock market and indicators much futher upside.