I am very skeptical about this trade but the reaction from Jerome Powells speech has been a clear indication that the equity markets need more stimulus to keep the sinking ship afloat.
Fundamentals aside, we have had a clear breakdown of apple and are very close to confirming a downtrend. It is still holding its trendline from the march lows but I think that will break very soon. We have a sell signal on the 10/21 EMA cross, a bearish flag forming, weekly MACD crossover imminent, the dollar going up, the VIX going up, all spells disaster before the election. I think the equity markets are in for a lot of pain in the next month without more stimulus.
Waiting on confirmation before I short for a swing trade.
Fundamentals aside, we have had a clear breakdown of apple and are very close to confirming a downtrend. It is still holding its trendline from the march lows but I think that will break very soon. We have a sell signal on the 10/21 EMA cross, a bearish flag forming, weekly MACD crossover imminent, the dollar going up, the VIX going up, all spells disaster before the election. I think the equity markets are in for a lot of pain in the next month without more stimulus.
Waiting on confirmation before I short for a swing trade.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.