Equity Market Observation 08.07.22
Dow Jones
Follow up on earlier observation, Dow Jones tested the first FiBo support 23.6% and had as expected a bounce, technically we still estimate to see the test of next FiBo support 38.2% around 25,000, that match with the rising trendline back from 2009 that’s coming in around 24,000. Again just an observation.
*Market Observations are NOT trading recommendations*
Follow us, and keep yourself up to date with news and views about what's going on in the world's financial markets.
Latest News
Stocks are Flying, Bonds are Screaming, and Nobody’s Listening
Chart Book for 12th of October 2026 Well, another week, another demonstration that financial markets have developed an extraordinary ability...
The Cycle Is Not Dead – Fiscal Dominance Changes The Game
A Cosmetic Hike The odds of a hike of at least 25 basis points in October now stand at 20.5%,...
Chart Book Special 8/10 26: An Analysis of the Weekly Charts
The World Is Going Crazy - So Let's Zoom Out If the last ten years have taught us anything, it's...
The Cheque Is On It’s Way – And Europe Doesn’t Have The Dough To Pay!
What the hell is going on? For years I’ve been banging on about the direction Europe is travelling, and...
