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Saturday 15 April 2017

Stock markets react to the uncertainty of the position of Trump

For obvious reasons, on Friday corporate reports weren't published.
The American stock market continues to remain flat. The outlook is moderately negative, despite the presence of a graphic "flag" pattern on the weekly charts of the Dow Jones index. Technically, on the daily charts, the trend indicators are directed downward. The 9-day moving average shows clear bearish sentiment, the Bollinger bands are also oriented downwards. Thus, bears, most likely, will continue to push down the market. It's too early to talk about changing the medium-term trend, I think that this will happen after the breakdown and consolidation below 20,200 points, to which there are 4 more figures.

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