False signal or Bull market on Wall Street-proiezionidiborsa.it
The data on American employment published precisely on 6 January, the setup date, sent American indices flying and driving the other international markets upwards. The worst may already be over. Wall Street snubs owls and soars like an eagle, but are we sure the bullish movement could continue?
There are never certainties on the markets, this is also valid in everyday life. However, there are chances that a movement started can continue. Usually, bursts of momentum like Friday’s start long-lasting trends of several percentage points.
Based on our calculations, the month of January should be positiveand this could be a favorable indicator for the entire stock market year.
The cyclical downturn seen in the first 27 months of each new decade may have been archived. Whoever owns stocks should now make time work, and therefore let their money work on the markets.
Let’s go back to the short term.
Buy on the lows and wait for time to pass-proiezionidiborsa.it
The trading day of January 6 ended on Wall Street with a sharp rise and at the following prices:
Dow Jones
33,630.61
Nasdaq C.
10,569.29
S&P 500
3,895.08.
An excellent bullish sign, and this could continue, if between today and tomorrow there is no opposite movement.
Wall Street snubs owls and soars high like an eagle. False signal or bull market?
The daily and weekly time frame they returned to increase, in line with the monthly time frame. There is the right mix for continue to climb until January 31, annual setup date.
From the beginning of the third year of the decade onwards, the best investment strategy would be Buy and Hold-proiezionidiborsa.it
What to monitor between today and tomorrow?
The upward resistance of the following levels:
Dow Jones
32,995
Nasdaq C.
10.256
S&P 500
We’ll see what happens from now on.
