The bounce on the SPX was looking pretty good and can easily trick you, the picture is easier to read here.
On the weekly DJI chart, we can see that the recent bounce didn't manage to push prices above EMA10, signaling that the short-term potential is under bear control.
Unless the feds policies change, we don't see how a correction can be avoided.
A correction, even if not so big, would be normal and accepted after two good years of sustained growth.
This is not financial advice.
Thanks a lot for your support.
Namaste.
On the weekly DJI chart, we can see that the recent bounce didn't manage to push prices above EMA10, signaling that the short-term potential is under bear control.
Unless the feds policies change, we don't see how a correction can be avoided.
A correction, even if not so big, would be normal and accepted after two good years of sustained growth.
This is not financial advice.
Thanks a lot for your support.
Namaste.
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🚨 Long-term Financial Success Available » Make The Right Choice » Join NOW! 👉 lamatrades.com (Since 2017)
🥇 9999% Results
t.me/masteranandatrades/5935
t.me/anandatrades/971
🏆 FREE Trade-Numbers
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🥇 9999% Results
t.me/masteranandatrades/5935
t.me/anandatrades/971
🏆 FREE Trade-Numbers
anandatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.