Fundamentals:
Valuation:
Undervalued on the 30d - 13d
Between the mean/Undervalued on 10d (projecting one more drop to undervalued on the 10 days)
Seasonality:
Following the price well. But I've explained that the price of Dow Jones reached a High 2-3 weeks before seasonality Tool predicted.
As per 5y 10y 15y seasonality, the bottom of US30 could be this week, or early next week. Whether we see another drop is something we can't tell. But Seasonality tool was late as per the example I've showed you on Trade Station, could be late this time around, and we could find a bottom within the next 5-6 trading days!
Technically: I've explained why I prefer the lower Daily Demand Zone.
The Demand Zone we are currently at - is where the Equilibrium lies as per Fib Tool - therefore not a good buy level!
Lastly, can we see one more heavy move down with A -3.5% on FOMC this Wednesday? We don't know, but it happened in December and it could happen this week!
Valuation:
Undervalued on the 30d - 13d
Between the mean/Undervalued on 10d (projecting one more drop to undervalued on the 10 days)
Seasonality:
Following the price well. But I've explained that the price of Dow Jones reached a High 2-3 weeks before seasonality Tool predicted.
As per 5y 10y 15y seasonality, the bottom of US30 could be this week, or early next week. Whether we see another drop is something we can't tell. But Seasonality tool was late as per the example I've showed you on Trade Station, could be late this time around, and we could find a bottom within the next 5-6 trading days!
Technically: I've explained why I prefer the lower Daily Demand Zone.
The Demand Zone we are currently at - is where the Equilibrium lies as per Fib Tool - therefore not a good buy level!
Lastly, can we see one more heavy move down with A -3.5% on FOMC this Wednesday? We don't know, but it happened in December and it could happen this week!
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.
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.