The Fed's dovish shift in 2019 that pushed prices higher has been overshadowed by ramped up tension on the global trade front. This should continue to be a drag on investor sentiment until other factors prevail.
Our bias remains down on the Dow, as highlighted by the 55 SMA Slope and the fact we have not yet broken key resistance areas.
It will be tricky today. Consider adding on continuation shorts intraday with caution.
Our bias remains down on the Dow, as highlighted by the 55 SMA Slope and the fact we have not yet broken key resistance areas.
It will be tricky today. Consider adding on continuation shorts intraday with caution.
Join over 42,000 traders and get the Forex Course for Smart Traders - 17 in-depth lessons - always 100% free at MarketMates.
Related publications
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.
Join over 42,000 traders and get the Forex Course for Smart Traders - 17 in-depth lessons - always 100% free at MarketMates.
Related publications
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.