DJ30: IS THE REACTION OVER?
LOND TERM ANALYSIS: Since the previous elections the index was standing within a bull trend with mid term corrections.The unique situations that the global economy had to face due to the pandemic,created the sharp fall of March.Nevertheless the index reacted and covered losses mainly because of Fed’s easing and secondly because of hopes for a vaccine.The resilience of the US economy is the big question,something that needs to be proved wihin the next months.The mid term scenario shows horizontal fluctuation and increased volatility between 24000 and 32000,until new data.The exponential movement drove the index to exaggeration,at the area of 35000,where we believe the mid term peak stands.Strong correction expected.
SHORT TERM ANALYSIS: As correctly described in last analysis:”We can now (35600) re enter short aiming 34800.Stop loss at 36000″.Target accomplished,profits of 800 points received.We can re enter short at the downwards break of 34500 aiming 33800.Stop loss at 35100.
Disclaimer: This information note constitutes an informative advertising content and in no way constitutes investment advice, incitement or offer to participate in any transaction. No information contained therein should, in any case, be construed as an appropriate investment for the recipient, nor a means of achieving the specific investment objectives or meeting any other needs of the recipient, nor a substitute for any contractual texts relating to those described. in it transactions. For these reasons, each investor should make their own assessment of any information provided in this communication and should not rely on any such information as if it were investment advice. This also does not constitute investment research and, therefore, was not prepared by the Company in accordance with the requirements of the law aimed at ensuring the independence of investment research. The information available herein is based on information available to the public and is considered reliable. The Company bears no responsibility for the accuracy or completeness of this information. The views and estimates set forth herein relate to the trend of the domestic and international financial markets at the date indicated and are subject to change without notice. The Company may, however, hereby include investments in the field of investments, which have been prepared by third parties. The company does not modify the above inquiries, but lists them as such, and therefore does not assume any responsibility for their content.