Higher Low? 9th Sep 2022
🖼 Daily Technical Picture 📈
➤ I like my lamb chops, pork chops...but I'm not so sure I liked the wild equity chop we experienced today. The volatile gyrations followed the news flow, it was some rollercoaster ride. The DAX probably best exemplified this with its manic 2% price swings.
➤ Despite all the yo-yo action, the S&P500 is holding above the support level and is looking to make a higher-low, keeping alive the uptrend from the June bottom.
➤ I continue to hold long DAX and EUSTX50 positions. My overall exposure remain at +80%. This is a moderate conviction level. The maximum exposure is +/- 200%, the level of highest conviction.
➤ Conclusion: Wild intra-day moves hasn't altered the daily picture. Still short-term bullish. As expected, equities displaying choppy behaviour.
➤ I like my lamb chops, pork chops...but I'm not so sure I liked the wild equity chop we experienced today. The volatile gyrations followed the news flow, it was some rollercoaster ride. The DAX probably best exemplified this with its manic 2% price swings.
➤ Despite all the yo-yo action, the S&P500 is holding above the support level and is looking to make a higher-low, keeping alive the uptrend from the June bottom.
➤ I continue to hold long DAX and EUSTX50 positions. My overall exposure remain at +80%. This is a moderate conviction level. The maximum exposure is +/- 200%, the level of highest conviction.
➤ Conclusion: Wild intra-day moves hasn't altered the daily picture. Still short-term bullish. As expected, equities displaying choppy behaviour.
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Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
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.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
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.