Wise Forex & Stocks
Stocks reached ~3473 resistance zone. Since this is the end of the week, I assume next week stocks market may start with bullish attempt to reach 3500, but end up bearish heading to 3400. @WiseForex #SP500
Stocks didn't even tried to grow higher. Just got rejected from resistance level where they finished last week and continue dropping. While SP500 haven't yet made lower low, DJ already on the way below it. Doesn't look strong.
@WiseForex #SP500 #US30 #Dow
@WiseForex #SP500 #US30 #Dow
Italy and France almost locked down. Slovenia and Czech applied curfew from 21 till 6. While US elections haven't finished, Trump won't announce lockdown, but once everything is over, what will new president do? Lockdown may cause new wave of protests (and doesn't matter what will be the reason and what color will be people in the crowd). Seems that global economy dump is at the very beginning.
Week charts (without drawings with Ichimoku on) to show the big picture and how far it may fall.
@WiseForex #SP500 #US30 #Dow
Week charts (without drawings with Ichimoku on) to show the big picture and how far it may fall.
@WiseForex #SP500 #US30 #Dow
Wise Forex & Stocks
Expect oil to bounce from 42 support up to 42.8. After that either breakout back to 43.5 or rejection and re-test of 42 with potential dump lower. Depends on situation with COVID in the world. Since vaccine is expected not earlier than in the end of the year…
Brent Oil tachycardia between 39 and 43. Although this time I doubt it will return back to the top of that channel.
@WiseForex #Brent #Oil
@WiseForex #Brent #Oil
Wise Forex & Stocks
Italy and France almost locked down. Slovenia and Czech applied curfew from 21 till 6. While US elections haven't finished, Trump won't announce lockdown, but once everything is over, what will new president do? Lockdown may cause new wave of protests (and…
Week started with stocks bouncing after previous week dump. But now, that US president elections are nearly over, both charts losing bounce momentum and ready for reversal. On last week dump SP500 made higher low, Dow Jones lower low - controversial situation, but in the end they will both move in the same direction.
@WiseForex #SP500 #US30 #Dow
@WiseForex #SP500 #US30 #Dow
Wise Forex & Stocks
Dollar index reached target at 93 and even went a little lower to 92.47. Now rejected from previous channel bottom trendline and pulling back to 92.75 support. The rest will depend if it will bounce from that zone or continue retracement to 92.5-92.3. In any…
US dollar restore positions. But following days most probably will pull back to ~93.45 / 93 (unless today bounce back above 93.65).
@WiseForex #DXY #DollarIndex
@WiseForex #DXY #DollarIndex
Wise Forex & Stocks
Week started with stocks bouncing after previous week dump. But now, that US president elections are nearly over, both charts losing bounce momentum and ready for reversal. On last week dump SP500 made higher low, Dow Jones lower low - controversial situation…
Whatever are the reasons, both SP500 and Dow broke out resistance zones and went higher.
@WiseForex #SP500 #US30 #Dow
@WiseForex #SP500 #US30 #Dow
Ladies and gentlemen. This dollar drop pumped all the markets and seems that its going to continue towards 92.28 and maybe 92.13. These are values from where it has chances to grow back. But if drop below 91.74 next stop will be a t 90-90.5
Worth watching how week candle close.
@WiseForex #DXY #DollarIndex
Worth watching how week candle close.
@WiseForex #DXY #DollarIndex
Wise Forex & Stocks
Still not clear who won the election, but market pumping 🚀 @WiseForex #SP500 #US30 #Dow
Stocks have reached strong resistance levels. There will be nothing wrong if next week they will be pulling back. Be ready either to sell your stocks or hold them through that negative period. COVID cases still grow, so there are no fundamental reasons for stocks to grow except for weak dollar and distant possibility for vaccine to be produced and massively distributed (which may happen only in 2021).
@WiseForex #SP500 #US30 #Dow
@WiseForex #SP500 #US30 #Dow