My view on mid-term price action of the DJI
As you may expect, there is always a bullish or a bearish scenario to bet on.
Upside breakout is needed to encourage the bulls to push price higher. However, resistance is evident. 10-year treasury bond is above 3%. There is no new hype around that may inspire positive sentiment, only Trump, tariffs and trade war.
On rule of thumb it is more probable that stocks rise rather than decline. Nevertheless, "being a bear" is always a more risky way of trading.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Upside breakout is needed to encourage the bulls to push price higher. However, resistance is evident. 10-year treasury bond is above 3%. There is no new hype around that may inspire positive sentiment, only Trump, tariffs and trade war.
On rule of thumb it is more probable that stocks rise rather than decline. Nevertheless, "being a bear" is always a more risky way of trading.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Order cancelled:
I was completely wrong here. I have to admit. Stock market turned back into bull mode.
Comment:
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