Weekly Analysis!
FA Analysis:
1- US macroeconomic data are very resilient whereas European and Asian data are struggling.
2- US Inflation data is coming this wee. It will be very releavnt data.
3- The last two weeks, AI stocks have been moving UP the market as if there is no tomorrow. AI bubble should finish soon.. The use and diffusion of AI is still limited; most of the investments are on R&D.
4- US-Iran ceasefire is sending positive sentiment. Any serious disappointment on this front will be very negative for stocks and equities as all supply chain is already disrupted/destructed.
TA Analysis:
Weekly and Daily TF:
Strong bullish Weekly and Daily close.
A continuation up should be expected. However, Price is at trendline resistance.
If Inflation data is an overshoot, the High of the year/quarter/month should be reached.
I'm only looking for short positions.
GL!
FA Analysis:
1- US macroeconomic data are very resilient whereas European and Asian data are struggling.
2- US Inflation data is coming this wee. It will be very releavnt data.
3- The last two weeks, AI stocks have been moving UP the market as if there is no tomorrow. AI bubble should finish soon.. The use and diffusion of AI is still limited; most of the investments are on R&D.
4- US-Iran ceasefire is sending positive sentiment. Any serious disappointment on this front will be very negative for stocks and equities as all supply chain is already disrupted/destructed.
TA Analysis:
Weekly and Daily TF:
Strong bullish Weekly and Daily close.
A continuation up should be expected. However, Price is at trendline resistance.
If Inflation data is an overshoot, the High of the year/quarter/month should be reached.
I'm only looking for short positions.
GL!
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