The start of the 3rd quarter US trading have provided global stocks with a solid foundation as the next round of earnings reports and the tone of a few central banks is a clear sign of growth in the economies. The corrective moves in US equities likewise, provided a relief for balancing portfolios and market price adjustments with investors redefining risk appetite / aversion thereafter.
Where we can see that the 3rd quarter period has re-entered into a range bound pattern in price swings with a wider price parameters to consider before the next phase of their respective trend to continue the course. But still don't discount the probability of market shift as this is considered to be the new norm with prices at their best levels for the past 8 years counting.
Where we can see that the 3rd quarter period has re-entered into a range bound pattern in price swings with a wider price parameters to consider before the next phase of their respective trend to continue the course. But still don't discount the probability of market shift as this is considered to be the new norm with prices at their best levels for the past 8 years counting.
The range defined on the chart above shows our previous market & price call on the Dow @21438 which now serves as the mid-average price of its HI/LO band. Which these prices have again entered into a consolidation pattern that may take time until the next earnings report comes though this period. However it may still be intact with further gains into the quarter.
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Price Parameters to Watch: For now the signs of a market range bound trading across the market can occur and market would extended current market swings. But we'll remain on course for as long as the primary #DOW figure does not run below the 21115 on its correction. Meanwhile, the 21438 - 21562 extension range is more positive than the 21112 - 21350 range levels
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