I hope you are in sell i am from top and adding, however watch out we have Yellen on friday Jackson hole.
I hope you are in sell i am from top and adding, however watch out we have Yellen on friday Jackson hole
If you are not so bullish on USD we are coming at important resistance, however be careful RBNZ this week you can play CAD or AUD instead.
On friday we have German CPI, if its higher than expected it means that Germany will push ECB to start tapering. Higher EUR exchange rate and tighter monetary conditions should push this equity down. However don't forget on a higher time frame we are still in UPTREND!
Price is not in the position for short entry therefore i will wait for break and retracement of bear flag. Fundamentals show that oil will be relatively cheap, also FED is continuing with monetary tightening which usually isn't good for equities. As well Tesla just released model 3 Buy the rumor, sell the fact maybe?