DJI Weak Bounce

7 Şub 2022

The bounce on the SPX was looking pretty good and can easily trick you, the picture is easier to read here.

On the weekly DJI chart, we can see that the recent bounce didn't manage to push prices above EMA10, signaling that the short-term potential is under bear control.

Unless the feds policies change, we don't see how a correction can be avoided.

A correction, even if not so big, would be normal and accepted after two good years of sustained growth.

This is not financial advice.
Thanks a lot for your support.

Namaste.