Financial services giant Fitzgerald expects that the stock market will witness gatherings the following week to two weeks.
In a new interview on CNBC TV, Eric Johnston, a strategic expert in Canor Fitzgerald, He says He expects a short -term bounce in the stock market in the next two weeks, although he says the stock environment appears “somewhat bad.”
“You have a economy that is slowly slowing down. Uncertainty is very high …
But in this view, we believe that we will get a tactical gathering here, and perhaps somewhere in the range of 3 % to 5 % in the next two weeks. We think things are well lined with a technical perspective. ”
Johnston uses many technical indicators, such as the RSI Index (RSI) – a momentum index used to indicate peak levels or excessive work – to support its position on the fact that the tactical gathering is on the horizon.
“The indicators of the Life Administration Conference have decreased to 32 [and it] The rear tests are very consistent, very strong. VIX (volatile index) has been turned. This shows fear. This is also a very good interested. The seasonal transforms. The systematic funds may have already sold what they need to sell.
Also, the hedge boxes have reduced their exposure. So, you add this to the Federal Reserve next week, where we believe that they will be available. We believe this arises for a gentle gathering over one to two weeks at the end of the month. “
Recently, it was I mentioned The American stock market has lost an amazing value of $ 5 trillion in the past three weeks.
https://www.youtube.com/watch?
Follow us xand Facebook and cable
Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox
Check the price procedure
Browse the daily Hodl Mix
& nbsp
Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Created Image: Midjourney
