good chance of a sharp bounce if closed above 16700+ levels…
Swings will be wild in everything on the 17th… (Index, Currencies, Commodities)
Today Dow closed above 16700+ mark…
above 16750, then we can see 16950, 17150, 17300, 17450
Don’t see FED is going to hike any rates this Sep…
High made 16933, unable to sustain … now closed at support trend line @ 16350 approx
high made 16933.43… almost at first target of 16950
Selling on Friday in Dow was with higher volume which was almost 15%+ than the 24 aug panic sell off… highly -ive sign…
Break of 16200-300 levels will start another round of selling pressure in DOW…
Dow broke 16300 levels in intraday trade but able to close above 16300+…
Dow 16200, S&P 500 1920, levels looks like a good support zone… These levels shouldn’t break or it will be the game of Bears…
I think at the present Index valuation, Dec FED rate hike (if happens) is fully priced in…
DOW bounced back from 16000 levels, now at 16280+,
Still cant tell a clear picture of the trend…
For a bullish trend to resume S&P500 needs to cross above 1980-2000 mark with volumes and then stays their for a while…
Or else it will be a range bound markets for sometime…
S&P is trading abv 2020 levels, and RSI in H1, H4 and D1 charts showing negative divergence…
17900 to 15300 and now 17800+++++ Someone was betting and here it comes… all technical charts failed… haha
BlackBerry New CEO John Chen… committed to turnaround the Company and he is on track…