Ever higher peeks and shallower bottoms. The trend continues and that means only long positions from now on.
Although the trend is long it is too risky for new purchases, because after every top there is a corrective, short-term movement. We need to wait for a new correction and better pleases for new purchases with less risk. Less risky entry place will be when the index reaches the 50 day moving average, breach beneath it and a new uptrend.
That will give us an entry signal. That also applies for the diagonal support. The market sentiment will change during this week. The US balances will dictate the market movements and the volatility will be strong. That will give us the opportunity to buy on the levels around the diagonal support.
The market sentiment is positive and the trend is long. Now traders accumulate expectations for good financial statements of the U.S. companies. This means that before the first few accounts, we may see a slight increase in the market, but if they disappoint the investors, that will bring a new adjustment.
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.