that SP500 hourly hammer is bullish tho.
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definitely a bullish hammer in nz , thx to atm
breaking out from the inverted head an shoulders on the daily looks like a target of 8800 pretty quick if wall st behaves
looks like wall st is not behaving lol
volumes was light for the day , the last hour was heavy because it broke down thru technical levels ,
i was short all night luckily hopefully cover some stock losses today
anyway all the us indexes are acting slightly different to a degree which could be a positive but could easliy change
Today is very good news for NZSX50.Trade war didn’t affect much here. It is standing out from other markets such as Europe, the USA, Japan, Hong Kong, China and Australia.
Trade war could bring winners as well as losers.
Some of the possible losers are Aussie & loonie, Japanese stocks, cyclical stocks and commodities like oil.
Consumer staples, banks, and health care could do relatively well. In situation like this there could be emerging regional winners.