"Good morning! As of August 8th, there is no significant difference compared to the last session. The global market sentiment is slightly positive (based on the Dow Jones alone), while the market trend remains moderately bullish. Therefore, whether it opens with a gap-up or down, it doesn't matter. If the initial market experiences sharp declines, we can anticipate a ranging market. On the other hand, if the market surpasses yesterday's high, we can expect a continuation of the rally with minor corrections."

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.