Long descending Downtrend holds on
Good afternoon,
With the US TECH 100 nearly exactly hitting the estimated peak of 6720 and bouncing off of it, as well as
the daily Candle being a Graveyard Dojii, it seems as if the Downtrend will definitely go on.
With daily candle tommorow that lays below ours, the trend change would get verirified.
Considering all of the bad News we`re currently having and an Uptrend of roughly 3 weeks now it all makes sense
from an Economical, as well as an political standpoint that the Indices will Fall.
In the following days, it`ll be important to look at the VIX as well as to what Trump will say considering the Shutdown.
It could very well be, that once the Shutdown is over all of the bad News get dropped immediatly and the market will have a Huge drop.
Still, we never know what`s coming.
But if the daily candle tommorow closes below ours, it is fair to assume the Downtrend will go on.
My next 2 major Resistances are shown in the Trend.
-Aaron Akkuzu
#shutdown #Brexit
With the US TECH 100 nearly exactly hitting the estimated peak of 6720 and bouncing off of it, as well as
the daily Candle being a Graveyard Dojii, it seems as if the Downtrend will definitely go on.
With daily candle tommorow that lays below ours, the trend change would get verirified.
Considering all of the bad News we`re currently having and an Uptrend of roughly 3 weeks now it all makes sense
from an Economical, as well as an political standpoint that the Indices will Fall.
In the following days, it`ll be important to look at the VIX as well as to what Trump will say considering the Shutdown.
It could very well be, that once the Shutdown is over all of the bad News get dropped immediatly and the market will have a Huge drop.
Still, we never know what`s coming.
But if the daily candle tommorow closes below ours, it is fair to assume the Downtrend will go on.
My next 2 major Resistances are shown in the Trend.
-Aaron Akkuzu
#shutdown #Brexit
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