Dow in relief until May

10 Nis

Yesterday's historic bounce reacted a little to perfectly to the monthly trend-line pictured. Whether coincidence or not, this break in momentum will likely provide an interim bottom to the downtrend and give us a few weeks of reprieve before continuing with the bear market. $37,000 the level to watch.

My outlook is generally still flat although it is useful to remember that the biggest pumps happen during a bear cycle. We also have a full blown trade war on our hands so keep risk tight and trade with caution.

20 May

İşlem kapandı: hedefe ulaştı

Enjoyed trading this relief rally, all indicators are now showing a downturn promptly instigated by Moodys rating downgrade. Whether the downturn lasts or is just a temporary discount in price before popping back up to ATH is to be seen.

Hope this was able to help!