Good Morning, Those of you following the market would have seen that something in the world was going to happen. Yep we have it....trade war.
The market is a great predictor at investor confidence which typically means - what is going on in the world to affect their assets.
Right now we have a leg down in the NDX also in SPX & other American/Markets. The uncertainty of the trade war is causing investors to 2nd guess where they are putting their money.
Currently on this chart we are seeing a bottom start to form - You will never be able to call a bottom 100% but can get close. This would be a good spot to start accumulating stocks that are matching the trend patterns of the market. Be careful, if this is only a corrective action it would go down after its reached target, again a time to sell your stocks and wait to see where it drops. It could also reach target and consolidate which would be a great area to review trades and see what you want to keep and those you may want to sell for profits.
Thanks and have a great day!
The market is a great predictor at investor confidence which typically means - what is going on in the world to affect their assets.
Right now we have a leg down in the NDX also in SPX & other American/Markets. The uncertainty of the trade war is causing investors to 2nd guess where they are putting their money.
Currently on this chart we are seeing a bottom start to form - You will never be able to call a bottom 100% but can get close. This would be a good spot to start accumulating stocks that are matching the trend patterns of the market. Be careful, if this is only a corrective action it would go down after its reached target, again a time to sell your stocks and wait to see where it drops. It could also reach target and consolidate which would be a great area to review trades and see what you want to keep and those you may want to sell for profits.
Thanks and have a great day!
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.