Inching closer to a recession but there's still room to the upside in the S&P 500. The end of this year should see some rejection in the gray box highlighted above. Targeted this area using fib extensions and the theory of breaking the 3000 psychological trading level as a form of a bull trap.
The current UP move on DXY has started since 8 days and no signs yet appearing for the next DOWN move. Accordingly, we are bullish on DXY up to the prior top and will take any downside pullback for buys.
MOVES Trading is a new strategy benefiting from both UP & DOWN moves with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages...
Alt Marketcap is on temporary pullback and most likely have relief pump in coming days.
Be wary of this alt run and dont go all in as most likely it would continue with massive drop .
Stay safe.
O cenário interno favorece a compra, caso as notícias dos EUA não interfiram, como a guerra comercial com a China e o possível início de recessão, temos chance de testar o topo essa semana e um segundo alvo de 100% em 115000.
BMFBOVESPA:IBOV
WIN1!
If you follow my work, my analysis on central banking actions are coming true. Central banks original mandate was to be the lender of last resort. It morphed to stabilizing prices and maximizing employment as mercantile economics came back in the form of keynesianism. Now, we are seeing central banks becoming the BUYERS of last resort.
President Trump's Achilles...
Dax was in a process of uptrend and development, but the latest push failed to stay consistence in the uptrend.
It is expected a further reverse to the downside before further continuation.
Several Trade ideas in chart
Cheers!
JSE:J212
Lost some 13% in the value over last 15 trading days.
Clear down trend but it moved from mean. Look for some pull back before you think about taking short.
JSE:J210
Trading in well defined up channel for few years already. Had one false break above and as old saying goes "From false move comes fast move" we can expect it go to the bottom of the channel.
On top of that there is clear double top with neck line been tested and just hold on Friday.
Stock Indices use a portfolio of representative companies (usually spanning major industries) to reflect the status of the whole stock market. There are basically three kinds: global, regional and national. Global indices include companies regardless of where they are traded. Regional indices include companies from a certain region and national indices include companies from a specific nation. Stock Indices are used to get an indication of the market's overall direction. Some analysts use them as a barometer of the underlying economy.
Indices can be comprised of tens to hundreds of stocks and each index calculates the weighted average differently. Some weigh the stocks equally (equal weighting), others take company size into account (capitalization weighting) and others use a hybrid method (modified capitalization weighting). Stock Indices are tradable entities themselves. A currency index is a measure of the value of a specific currency relative to other select currencies. Indices like the US Dollar Index or the Euro Currency Index are used to gauge the strength of those respective currencies.
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