Join Dstockmarket's Community - Daily Market Analysis, Individual Stock Analysis.
!שלום ,שנה טובה
It has been a brutal year for the stock market in 2018. With new all time highs and then a massive sell off in December, this leaves many investors in the red. But do we now have a fresh start to the new year?
The first day of trading is very important as it tells us of the likelihood of whether the market may end up in green or red. This is not a conclusive thing but it does help the sentiment if the market starts off with a green day. And that is what we got.
But what are the charts telling us?
I have looked at the charts of the weekly, daily and 60 min of the main indexes. It is indeed a challenging environment for investors and therefore this first half of the year is more suitable for traders. Do take a look at them and study them. A nice rally is happening but we do not know how things will do when it reaches resistance. Until then let us be careful as the main indices reaches resistance area.
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
Charts with the investing.com logo are courtesy of Investing.com powered by Trading View
Jan 04, 21 11:30 AM
In this week's chart lessons, we will have a look at bitcoin and other charts.
Dec 29, 20 07:47 AM
We should continue to be bullish on the S&P 500 as a weekly bottoming tail forms in this uptrend.
Dec 22, 20 09:27 AM
The SPX is still in a nice bullish uptrend, with it staying above the rising 20 MA and 50 MA.
Dec 15, 20 09:53 AM
December 14 2020 will go down in history as one of those moments where 2 sets of electors emerge for swing states in the US Presidential Election.
Dec 07, 20 10:04 AM
Despite mainstream media reports of a Biden win, Donald Trump is still contesting the election results.