April 25, 2018
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All Pointing Down – Lower
Do Not matter which stock index you analyse they are all pointing lower.
It appears potentially trend continuation for coming week. This could all change if we were to exceed the highs that we made last week. However, all setup can fail. Recently everything were fire from the hip. It appears nothing come from the brain. Read the news yourself, you know what I mean. Manage your risk.
US Stock Analysis
^NYA New York Stock Exchange Index and Fibonacci
Study NYSE Index using Fibonacci Retracement, swing low to high. You see the index after the high of below 13700, the index just can not go any higher. NYA just continue to form lower high. The support at 78% is strong, so far it has hold the fall for the entire 2018. But not one can guarantee the price action can not go any lower. Will see. Be careful, manage your risk.
It is highly unlikely the index to be bullish for the next week or may be the next next week. Unless the price action close above 38%.
April 24, 2018 New York Stock Exchange Index and Fibo Retracement Low to High
NYSE Index and Fibonacci Retracement
Take a closer look, zoom in. Study the NYSE Index using Fibonacci Retracemet. We see bounce back tested 78% and fail. As commented earlier, for this week and may be next week, the trend is likely to be continue. Manage your risk.
April 24, 2018 New York Stock Exchange Index Zoom In and Swing High to Low
Moses Stock Analysis
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