Was that all she wrote? Market Analysis Following Recent Rally

“contingent on holding above last week’s low, we should allow the index to rally to ideally $19350+/-125.”

First, the rally from the September low decided to subdivide, and we have adjusted the EWP accordingly. Remember, all we can do is “anticipate, monitor, and adjust” when forecasting the markets, which are complex systems. Regardless, the index never broke below any of our warning levels for the Bulls, which we adjust daily for our premium members to keep them on the right side of the market for as long as possible. Thus, we stayed the course.

Lastly, all the technical indicators are still positive. The daily RSI5 is >70. The MACD points higher and had a buy cross in early September, whereas the money flow is also positive.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Market Analysis: Double Bottom Confirmed, Consumer Discretionary Stocks SurgeThis week's market analysis explores the recent double bottom confirmation in XRT, signaling a potential surge in consumer discretionary stocks. The author highlights inflation concerns fueled by stimulus and spending despite the current economic slowdown. Silver outperforming gold would further support this narrative. The analysis also touches on Bitcoin's potential bottoming out, TAN's recovery, and the resilience of copper.
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

Genetic analysis of animals in Wuhan market in 2019 may help find COVID-19's originScientists searching for the origins of COVID-19 have zeroed in on a short list of animals that possibly helped spread it to people
مصدر: ABC - 🏆 471. / 51 اقرأ أكثر »