The Dow Jones industrial average is up to 26,300 points, close to its 2600-point peak in January this year amid a soft war-torn atmosphere between the US administration and Beijing in what has become known as a trade war. Less than 24 hours after the Trump team The US and European markets interpreted the response as an undeclared response, prompting the markets to continue to climb near the peaks of the beginning of the year, especially on the level of Nekai, which was at 23875 points Approaching Point for the top 24 195 January.
The outlook for the US is still intact. All expectations have failed to start a deep correction to US and global markets driven by new crises, both as a result of rising derivatives in emerging markets, which some analysts believe may be the next bubble or trade war. Between US and Chinese economic giants, which could be the beginning of an economic slowdown in the event of a war, and perhaps the cohesion of oil in reducing the fears of primary dealers
Despite the optimism of Tim Cook, chief executive of Apple, the giant economic who entered the club after his company obtained a special exemption from the payment of US tariffs as an American brand where Cook believes that eventually an agreement will be reached between the two countries, but that did not calm down The market sentiment, which we believe is now escalating with steam, especially with the arrival of a company such as Apple to the trillion club makes keeping the gains is challenging. In previous articles, the share price reached $ 228. a company More than 65% of its $ 53 billion revenue is focused on sales of iOS devices that may face the challenge of reaching the end of the race
Technically we believe that the Dow Jones is headed for a new high that may exceed the 26700 level and move to a new level near 27,000 points but we believe for all the previous reasons that the current steam boarding process is fraught with danger of falling and starting deep correction at any time. The trades of the traders are not enthusiastic but motivated, It is important to monitor the red line of the trigger line in the chart, which we believe that breaking this trend line may be the first important signal to change the trend, especially with the existence of negative repercussions on the technical indicators lead us to believe that the process will not continue, so we prefer to stay cautious of entry and exposure to market the at the present time
Good Luck
