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| DOW & SP500 |
Update: With a less than expected decline in GDP have provided both the #USD, #DOW & #SP500 quite a bit of breathing room for a corrective price move. However, the move minus the report would have been a given, so to speak where prices sustained at their highs would have to retrieve back with some profit taking adjustments for the new month to open.
This would allow position adjustments earlier at the closing months period as a clear reaction from a technical high price meeting a projected resistance level that created a #divergent selling pressure from a high at 18622 levels; before the end of the trading week too. This goes for the trio to move in tandem. As investors shifts back to safe haven Yen trade with the #BOJ disappointing consensus leading for the #YEN & #DXY to appreciate. This has been the see-saw effect of investors flow for sometime now.
This would allow position adjustments earlier at the closing months period as a clear reaction from a technical high price meeting a projected resistance level that created a #divergent selling pressure from a high at 18622 levels; before the end of the trading week too. This goes for the trio to move in tandem. As investors shifts back to safe haven Yen trade with the #BOJ disappointing consensus leading for the #YEN & #DXY to appreciate. This has been the see-saw effect of investors flow for sometime now.
Reference : NOT JUST FOREX, ON EQUITIES TOO! (As of July 20, 2016)
The level of Tolerance does not lay on simply the price alone but the level of Risk appetite which an investor can really tolerate....in PRICE, TIME OF EXPOSURE, AMOUNT WILLING TO RISK!
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