Do not panic... yet...
So far, this is a healthy retrenchment in what appears to be a strong bull market.
US domestic and global fiscal and economic circumstances are supportive of a bull market in the DJI and the US$
The technicals however required realignment. This could be the opportunity to do so.
The November elections in the US are, to me, a bit of a wild card. We shall cross that bridge when we come to it.
For now, it is a matter of monitoring hedges and trim gradually as the technicals reach oversold levels on the daily and the weekly
US domestic and global fiscal and economic circumstances are supportive of a bull market in the DJI and the US$
The technicals however required realignment. This could be the opportunity to do so.
The November elections in the US are, to me, a bit of a wild card. We shall cross that bridge when we come to it.
For now, it is a matter of monitoring hedges and trim gradually as the technicals reach oversold levels on the daily and the weekly
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.