Meanwhile in Asia the Hang Seng Index is up by 202.78 points at 23493.38 or 0.87%, the Nikkei 225 Ave. at 16729.04 is up with barely 64.45 points and the US based EPHE at for the 10 most traded corporate Philippines stocks is up slightly priced at 36.79 points or 0.82% higher, tracking the PSEI at 7547.90 as of writing. Saving itself due to the holiday schedule from the negative contagion of the other Asian stocks that followed the decline of the US last Friday.
On the CCY Corner, pay close attention with the European majors particularly #CABLE & #EURGBP Cross Rate.
ReplyDeleteAdjusting Trade Perception with Market Reality
ReplyDeleteSee how #dovish #Hawkish comments can sway market sentiment in a short period of time. Adapting to market conditions prior-to & post market release can create a cluster of bar uncertainty to those whose does not see the true value behind the directional movements. This is where beyond charting analysis takes into consideration price action & market behavior
link: http://ukinvestormagazine.co.uk/fed-reserve-official-calms-markets-dovish-comments-7bx38s2/
CLUSTER OF BAR - UNCERTAINTY"
ReplyDeleteas a result of the TUG of WAR between Bull & Bear participants.
https://www.tradingview.com/x/2q2UEnEq/
Whenever a Cluster of bars creates uncertainty & tags the market coming from an extended / expanded consolidation; the prevailing price action within a major trend is followed. Especially coming from a wide trading range, where prices eventually narrows until prices breaks for another major move.
ReplyDelete#DOW #SP500 Resiliency Holds with a three point trend line support, unless proven otherwise. but only after the fact. The Right side of the market remains well within the a reinforced trend for sometime now.
ReplyDeletehttp://tradingview.com/x/PdwTQGeF/