full of news - will Trump and Xi agree to be friends?
(I put it in the vernacular form, as Trump speaks like this - and quite often in a very child-like form, which is probably why he appeals to half of the American people)
So looking at the charts :
Dow Industrial - (I'm not an expert in candlestick formations but do refer to a book I have dealing with Japanese Candlestick charting)
What can we see?
1. In candlestick terms each of the highlighted moves has a long bullish candle, followed by a "spinning top" - a sign that buyers and sellers are evenly matched or indecisive.
2. Looking at the firs 2 highlighted patterns : these are called " Evening star" they usually occur at the top of a trend.
3. This implies that the next big move will be down..HOWEVER as this weekend is a CRAPSHOOT - several scenarios can happen.
a. A large gap and crap
b. large gap up and continue
c. large gap down and recover
d. large gap down and continue
e small range trade
"Do I feel lucky?' Well, do you, punk?"
So...if you're feeling brave - take a position
If not flat is also a position - and there will be trades to do after the event.
