Frankly we can still expect a Monday panic buy as we have for months.
We managed to regain the $4300 at the close on Wall Street this Friday and even if the Russian attacks are not yet very "big" for the market, I fear that we are only at the beginning of a good correction.
We have already broken twice the SMMA 50 on the SPX (yellow zone) and each time we put a pullback on it before going for -20/-25%. However we broke the SMMA from below but on top of that we put a huge M (very bearish for the moment) and we also have a very difficult and unstable macro economic climate.
I would stay away from the markets in the next few days, especially with the rising tensions between Russia and Ukraine.
We managed to regain the $4300 at the close on Wall Street this Friday and even if the Russian attacks are not yet very "big" for the market, I fear that we are only at the beginning of a good correction.
We have already broken twice the SMMA 50 on the SPX (yellow zone) and each time we put a pullback on it before going for -20/-25%. However we broke the SMMA from below but on top of that we put a huge M (very bearish for the moment) and we also have a very difficult and unstable macro economic climate.
I would stay away from the markets in the next few days, especially with the rising tensions between Russia and Ukraine.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.