DJI Resistance MetOverall on US markets, I am skeptical but open to bullish sentiment. The question is, how do we get past record highs? First though, how do we even get past this DJI resistance? The answer to both could be trade war detente. Okay, but what happens if we have a detente, which won't happen at least until June as reported yesterday, and there's no rally? We could go sideways for two months and see volatility hit record lows without the uptrend that saw record low volatility with daily gains. Short-term though, DJI looks like its ready to retreat from this resistance. Let's not be surprised if that happens. But also, let's also not be surprised if we get past it on trade war detente news and not a resolution. For more of my ideas with more words and charts, please check out my content at www.anthonylaurence.wordpress.com
Fundies
Oscillators Lean SellBrexit and fundamental data are the most important components of EURUSD, but these long-term trend lines are probably impacting as well. Economic sentiment that came out on Tuesday was quite lackluster, pretty much like the overall EU economy. No more event risk this week other than Brexit. I wouldn't be surprised if the downtrend is extended, but my bias to EURUSD is still medium- and long-term short.