The earning season came to an end and the market failed to score new highs even with such good results. Now the market only moves by global trade. On Friday, thanks to the comments of Warren Buffett, the market managed to complete its wave E of the triangle. Which leads us to expect a fall of US30 to areas of 20,400.
Last wave C of the US30 to enter short. The Dow Jones closed last week at 50% fibonacci retracement of wave A.
US30 Short, after a week of earnings the US30/DJI is not responding as expected. KL: 24,840 SL: 24,360 TP: 20,400
It comes earnings season with a very good results expected. The DJI was presenting a consolidation triangle which was broke last Thursday, one day before the first earnings results. As expected, the first results were very good but there was a drop in the stock market due to geopolitical fear, remember trade of rumor sell the fact . This generated fear in the...
CTL Long new entry point KL: 17.60 SL: 16.30 TP1: 20.00 TP2: 23.50 TP3: 26.00