Weekly update, 24.03.2018. SPX, DOW
Updated
Weekly update on the major US equity markets using the Dow Jones E-mini futures index.
Stay tuned! There should be more to come
Just remember:
The information of this post is ”general advice only” and does not take individual circumstances into account so do not trade or speculate based solely on the information provided. By viewing this video you fully accept and agree that it offers general advice only and that trading the financial markets is a high risk activity and that you understand that past performance does not indicate future performance and that the value of investments and income from them may go up as well as down, and are not guaranteed.
Stay tuned! There should be more to come
Just remember:
The information of this post is ”general advice only” and does not take individual circumstances into account so do not trade or speculate based solely on the information provided. By viewing this video you fully accept and agree that it offers general advice only and that trading the financial markets is a high risk activity and that you understand that past performance does not indicate future performance and that the value of investments and income from them may go up as well as down, and are not guaranteed.
Note
And that is really interesting! If we suppose that the second leg of a higher degree correction ahs already started, the projected target matches to the projected target of a lower degree correction. Therefore, we could have started a major drop already which should end up somewhere at 2460-2420 zone
Note
Remember a Daily 200 SMA on YM1 and a reversal cluster around it? Well, looks like it is still on a desk. Daily MACD already shows bullish divergence so we can easily head to new highs from here. Careful with the shorts! I have no swing positions for now, trying to get something intraday...
Trade active
Will the 200 Daily moving average resist?..
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
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.