US30 Do We See Upside Resistance?
Dear trader,
I think from a technical standpoint the chart is speaking for itself.
Add this to this stressing fundamental aspects moving around, in disfavor of the economy, from a supply and demand level. With highly probably higher for longer interest rates and sticky inflation. Which makes borrowing less interesting for people and companies and more difficult.
I expect the U.S. to position for a corrective move earlier this year with sell positions being accumulated. I doubt that even positive earnings will in the long term for 2024 drive the market higher.
Never listen to someone else, always lose and win from based on your own judgments. At least you will never be disappointed.
Best regards
I think from a technical standpoint the chart is speaking for itself.
Add this to this stressing fundamental aspects moving around, in disfavor of the economy, from a supply and demand level. With highly probably higher for longer interest rates and sticky inflation. Which makes borrowing less interesting for people and companies and more difficult.
I expect the U.S. to position for a corrective move earlier this year with sell positions being accumulated. I doubt that even positive earnings will in the long term for 2024 drive the market higher.
Never listen to someone else, always lose and win from based on your own judgments. At least you will never be disappointed.
Best regards