1.We can see SPX500 (red and green candles)and DXY (yellow lines) on the chart. DXY has been in a down trend. We can clearly see that there’s a strong negative correlation between SPX500 and DXY . It can be a good news for the US stock markets.
2. VIX is also dropping, it can be a good news for the US stock markets.
3.On the 1h chart, SPX500 is above the previous low. It may be a short term support for SPX500 .
4.I’ll continue put my eye on VIX , DXY and also TLT.
5.Let’s focus on the fundamentals.
1⃣️ Big-name companies are kicking off their third quarter earnings. If you are holding company’s stocks, please pay attention to their financial statement.
2⃣️Mike Wilson, Morgan Stanley’s chief US equity strategist, announced that the SPX500 failed to breakout the key resistance on last week. It means that the pullback is not over yet. He predicted that before the bull market recovers, the U.S stock markets will at least pull back 10% from the latest high on last Monday.
3⃣️Pelosi and Mnuchin’s negotiation are still continuing. The process will strongly affect the markets confidence. Let’s pay close attention to it.
2. VIX is also dropping, it can be a good news for the US stock markets.
3.On the 1h chart, SPX500 is above the previous low. It may be a short term support for SPX500 .
4.I’ll continue put my eye on VIX , DXY and also TLT.
5.Let’s focus on the fundamentals.
1⃣️ Big-name companies are kicking off their third quarter earnings. If you are holding company’s stocks, please pay attention to their financial statement.
2⃣️Mike Wilson, Morgan Stanley’s chief US equity strategist, announced that the SPX500 failed to breakout the key resistance on last week. It means that the pullback is not over yet. He predicted that before the bull market recovers, the U.S stock markets will at least pull back 10% from the latest high on last Monday.
3⃣️Pelosi and Mnuchin’s negotiation are still continuing. The process will strongly affect the markets confidence. Let’s pay close attention to it.
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.