CRUCIAL WEEK FOR THE FINANCIAL MARKETS

Jun 19, 2019

LOOKING AT THE DOW CHART WE CAN SEE THAT WE ARE NEAR THE ALL TIME HIGH AND A VERY STRONG RESISTANCE AREA FORMING A TRIPLE TOP. THE BULLS WILL NEED A STRONG FUNDAMENTAL TRIGGER TO BREAK THAT STRONG RESISTANCE. THERE ARE 2 MAIN EVENTS WHO CAN SUPPLY THAT TRIGGER: FIRST: THE FOMC MEETING TODAY AND MORE TALKS BETWEEN USA AND CHINA TO FIND A SOLID SOLUTION AND TO STOP THE TRADE WAR. IF THE FED WILL CUT RATES OR WILL PROVIDE ANY FUTURE RATE CUT PROJECTIONS, IT CAN TRIGGER A BIG RALLY. ANY NEUTRAL STATEMENT BY THE FED OR ANY ESCALATION BETWEEN US AND CHINA COULD WAKE UP THE BEARS AND SEND THE MARKET TO A DEEP CORRECTION.