US30 as predicted (Further down warning!)
Hello Traders,
at the start of the month i predicted markets will fall short and probably find new lows, and here we are, but are we there yet?
Now traders, with the current economic conditions, we should not be looking for new lows, hunting for it has proven many to fail miserably.
Follow the flow, ride along the currents and you will be fine.
That said, we are not done yet, Dow Jones is expected to fall even further from here.
Forget about technicals, put it aside, and try to digest and understand what's going on in the market, you will understand that the economy is weak and any recovery in the near term is close to impossible.
Oil prices just reached $120 per barrel, food prices have been increasing, soaring inflation and best of all...rising treasury yields.
Follow the market flow, you will be safe, don't fight the current. (Even the titanic sinked)
Cheers and feel free to post your comments, remember to take a break, happy weekend.
at the start of the month i predicted markets will fall short and probably find new lows, and here we are, but are we there yet?
Now traders, with the current economic conditions, we should not be looking for new lows, hunting for it has proven many to fail miserably.
Follow the flow, ride along the currents and you will be fine.
That said, we are not done yet, Dow Jones is expected to fall even further from here.
Forget about technicals, put it aside, and try to digest and understand what's going on in the market, you will understand that the economy is weak and any recovery in the near term is close to impossible.
Oil prices just reached $120 per barrel, food prices have been increasing, soaring inflation and best of all...rising treasury yields.
Follow the market flow, you will be safe, don't fight the current. (Even the titanic sinked)
Cheers and feel free to post your comments, remember to take a break, happy weekend.
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