TradeVSA Digest Week 9 March 19, 2019
US-China trade war continues with a plausible extension, putting uncertainties to the financial market. Can this is a reason for market to rally higher?
US FOMC’s meeting over 19-20 Mar for their decisive dovish comments on US interest rate hike, will take place? Can we expect no interest rate hike for 1H-2019? BrExit events and Bloomberg’s exposure of British politicians involved on hedge fund manager profiting from this event earlier weighted the risks to the market.
Meanwhile, China continues to prime pumping of its economy to avert possible recession by renewing more stimulus.
KLSE Market Update
SGX Market Update
Straits Times Index
STI is in RED HeatZone. This mean it’s trend may still be Down or LIKELY continue to go Lower. Wait for bar confirmation like Sell-Off (SO) for trend continues or Line Change (LC) for trend reversal.
DJIA Market Update
Dow Jones Industrial Average (DJIA)
On 2019-03-18, US DJI is trading at 25,914.1 and change % from last bar was 0.25 %, (+65, 25,848.9). And also 3-Month high. This market condition is considered to be very bullish for index counter US DJI. This bullish condition is despite, US DJI has strengths in the background in the last 30 bars. There are 6 SOS. US DJI has weaknesses in the background in the last 30 bars. There are 4 SOW. Line Change or No Supply SOS bars are in CONTROL now. Expect upside likely after 2019-03-18.
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