Dow bull run test
Entry: 24168. off 9days MA
Exit: 23241 right in the middle of structure.
SL: 24924 or closer depending on strength
Technical:
6 Fib retrenchments around .3-.6 levels
Touched support turned resistance.
Levels for test: 22579-23880
Lowest test level: 21688
Fundamentals:
Continued volatile market
Uncertainty about the economy`s health and system
Trade deal progress, headline driven market
China putting out lower then expected numbers
Gov shutdown affecting 800 000 people and deletes .25% of GNP
Risks:
Gov shutdown ends. coming up on 32 days its seams likely they will come to an agreement or people will get mad about it and start to demonstrate and i believe every country right now is watching France close. Yellow vest movement is still going strong, and can easily spread to more countries, already having problems in south west Europe with demonstrations.
Trade agreement with China. D day March 1st. With Trump associating the success as president with the stock market. And i believe he will do all he can to get something good out the this.
Just turns at other levels or continues to higher levels before testing for a new support. With target 24950-25000.
Just for educational purposes. Newbie
Exit: 23241 right in the middle of structure.
SL: 24924 or closer depending on strength
Technical:
6 Fib retrenchments around .3-.6 levels
Touched support turned resistance.
Levels for test: 22579-23880
Lowest test level: 21688
Fundamentals:
Continued volatile market
Uncertainty about the economy`s health and system
Trade deal progress, headline driven market
China putting out lower then expected numbers
Gov shutdown affecting 800 000 people and deletes .25% of GNP
Risks:
Gov shutdown ends. coming up on 32 days its seams likely they will come to an agreement or people will get mad about it and start to demonstrate and i believe every country right now is watching France close. Yellow vest movement is still going strong, and can easily spread to more countries, already having problems in south west Europe with demonstrations.
Trade agreement with China. D day March 1st. With Trump associating the success as president with the stock market. And i believe he will do all he can to get something good out the this.
Just turns at other levels or continues to higher levels before testing for a new support. With target 24950-25000.
Just for educational purposes. Newbie
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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.