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Yesterday after hike of 75 basis points, Dow rallied 1% in few mins.. People started justifying it.. Later Dow was down & ended 1.55%⬇️ Then also there were people justifying it.. Everything has an answer in hindsight.. #DOW #SGXNIFTY
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Dow's Laxmanrekha is the 200 DMA. It continues to act as a Major resistance. This level has to be taken out by a good margin for Big uptrends to resume. #DowJones #DOW
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200 DMA and tryst with DOW JONES. The index is taking a pause again at the 200 DMA.. Will it break or not ? I believe "A change of behavior leads to change of Trend". A break abv 200 DMA will lead to BIG BREAKOUT. #DowJones #SPX #technicalanalysis
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Since this 75 bps to the current 74 bps uncle #DOW is up 3000 points. It broke down and gave scary levels but I think medium view term view turned as and when it came back above 29500.
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Expecting at least 2000 points rally in Dow, limited downside from current levels. 75 bps rate hike by fed 🙌🏻
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Bloomberg suggest gains in Chinese stocks are due to an unverified social media post that circulated online o/n that a committee was being formed to assess scenarios on how to exit COVID Zero Indices have pulled back from highs: #Dax 13,340 from 13,374 #Dow 32,852 from 32929
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